Home » Business » Bahrain’s Central Bank Announces Successful BD 70 Million Weekly Treasury Bills Issuance with Interest Rate of 6.19% in June 2023

Bahrain’s Central Bank Announces Successful BD 70 Million Weekly Treasury Bills Issuance with Interest Rate of 6.19% in June 2023

Manama, Bahrain- The Central Bank of Bahrain announced that Issue No. 1968 (ISIN BH000326W086) of the weekly Government Treasury Bills issued by the Central Bank of Bahrain on behalf of the Government of the Kingdom of Bahrain has been covered.

The value of this issuance is BD 70 million for a maturity period of 91 days starting on June 7, 2023 and ending on September 6, 2023. The interest rate on these bills was 6.19% compared to the interest rate of 6.24% for the previous issue on May 31, 2023.

The average discount rate was 98.460%, and the lowest participation price was accepted at 98.445%, noting that the issue was covered by 208%.

The outstanding balance of treasury bills with this issuance amounted to BD 2.110 billion.

#Government data
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2023-06-05 12:43:18
#Coverage #government #treasury #bills #issuances

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