Post: CBB 12 month Treasury Bills issue No. 119 oversubscribed

Manama, This week's BD 100 million issue of Government Treasury Bills has been oversubscribed by 248%. The bills, carrying maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain. The issue date of the bills is August 22, and the maturity date is August 21, 2025. The weighted average rate of interest is 5.75% compared to 6.10% for the previous issue on July 18. The approximate average price for the issue was 94.508% with the lowest accepted price being 94.315%. This is issue No. 119 (ISIN BH00046X0909) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion. Source: Bahrain News Agency