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Bahrain continues to see a huge demand for short-term government securities, with its latest treasury bills attracting a subscription rate of 129%.
The BD 70 million ($186.2 million) bills, with a three-month maturity, have been issued by the Central Bank of Bahrain on behalf of the Gulf state.
They hold a weighted average interest of 5.68%, slightly lower than the previous offering’s 5.83%.
They will mature on March 26, 2025, with the approximate average price pegged at 98.586% and the lowest accepted price at 98.544%.
(Writing by Cleofe Maceda; editing by Bindu Rai)
