The Central Bank of Bahrain (CBB) has announced that the monthly issue of Government T-Bills, valued at BD35 million ($92.89 million), has been oversubscribed by 226 percent. These bills, with a maturity period of 182 days, are issued by the CBB on behalf of the Kingdom of Bahrain, as reported by the Bahrain News Agency (BNA). The bills were issued on February 25 and will mature on August 25.
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The weighted average interest rate for this issue is 5.96 percent, slightly lower than the 6.05 percent rate for the previous issue on January 28, 2024. The approximate average price for the bills in this issue was 97.077 percent, with the lowest accepted price being 97.032 percent. This particular issue is identified as No. 2005 (ISIN BH000184L991) of the Government T-Bills. As a result of this issuance, the total outstanding value of Government T-Bills now stands at BD2.110 billion.
Moreover, in August 2023, Bahrain issued T-Bills worth BD70 million ($185.79 million), which were oversubscribed by 121 percent. These bills had a weighted average interest rate of 6.3 percent, slightly higher than the 6.14 percent rate of the previous issue on August 2, 2023.
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