CBB 12 month Treasury Bills oversubscribed by 143%

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The Central Bank of Bahrain (CBB) announces that this month’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 143%.

The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain.

The issue date of the bills is 24th December, 2020 and the maturity date is 23rd December, 2021.

The weighted average rate of interest is 2.80% compared to 2.81% of the previous issue on 26th November, 2020.

The approximate average price for the issue was 97.247% with the lowest accepted price being 97.218%.

This is issue No.76 (ISIN BH00049P6994) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

SOURCE: BIZBAHRAIN

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