The Central Bank of Bahrain (CBB) announced that its monthly issue of Treasury Bills, worth BD 35 million, has been oversubscribed by 234%. This marks a strong demand for Bahrain’s government debt instruments.
The Treasury Bills, which carry a maturity period of 182 days, were issued on behalf of the Kingdom of Bahrain. The issue date is set for March 23, and the maturity date is September 21. This particular issue is identified as No. 2061, with the ISIN BH0005907538.
The interest rate on these bills stands at a weighted average of 5.28%. This is slightly lower than the previous issue in February, which had an interest rate of 5.39%. Despite the lower rate, the high oversubscription rate reflects strong investor confidence in Bahrain’s economy and its government debt securities.
The approximate average price for the issue was 97.402%, while the lowest accepted price was 97.366%. With the new issue, the total outstanding value of Bahrain’s Government Treasury Bills now stands at BD 2.110 billion.
This oversubscription demonstrates significant interest from investors, reinforcing Bahrain’s position in the financial markets.
