Bahrain’s Government Treasury Bills issue amounting to BHD70 million ($185.8 million) has witnessed a oversubscription of 200 percent. The bills, which have a maturity period of 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Government of the Kingdom of Bahrain, as reported by BNA. The issuance date for these treasury bills is set for January 15, while they are due to mature on April 16.
The weighted average interest rate for this issue is 5.56 percent, a slight decrease from the previous issue’s rate of 5.72 percent on January 1. The approximate average price for this issue was recorded at 98.615 percent, with the lowest accepted price also standing at 98.615 percent.
This marks issue No. 2051 (ISIN BH0008470V73) of the Government Treasury Bills. Following this issuance, the total outstanding value of Government Treasury Bills has reached BHD2.110 billion.
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February 2024 oversubscription: A record 226 percent
In February 2024, the Central Bank of Bahrain announced that the monthly issuance of Government T-Bills, valued at BD35 million ($92.89 million), has been significantly oversubscribed by 226 percent. These bills, which carry a maturity period of 182 days, are also issued by the CBB on behalf of the Kingdom of Bahrain. The issuance took place on February 25, with a maturity date set for August 25.
The weighted average interest rate for this particular issue is 5.96 percent, which is slightly lower than the 6.05 percent rate from the previous issue dated January 28, 2024. The approximate average price for this issuance was 97.077 percent, with the lowest accepted price being 97.032 percent. This issue is identified as No. 2005 (ISIN BH000184L991) of the Government T-Bills. Consequently, the total outstanding value of Government T-Bills now stands at BD2.110 billion.
Additionally, in August 2023, Bahrain issued T-Bills valued at BD70 million ($185.79 million), which were oversubscribed by 121 percent. These treasury bills had a weighted average interest rate of 6.3 percent, slightly higher than the previous issue’s rate of 6.14 percent from August 2, 2023.
