CBB 12 month Treasury Bills oversubscribed by 302%

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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 302%.

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 21st January, 2021 and the maturity date is 20th January, 2022.

The weighted average rate of interest is 2.71% compared to 2.80% of the previous issue on 24th December, 2020.

The approximate average price for the issue was 97.334% with the lowest accepted price being 97.297%.

This is issue No.77 (ISIN BH000O589M92) 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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