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Bahrain has seen growing investor interest in its treasury bills (T-bills), with the latest monthly offering recording the highest subscription rate in months.
The latest round of T-bills, amounting to BD35 million ($93 million), has been oversubscribed by 254%, the country’s Bahrain News Agency (BNA) reported on Wednesday.
This month’s T-bills uptake is one of the highest this year, surpassing the subscription rates recorded between February and July, government data showed.
The Central Bank of Bahrain issues T-bills worth BD 35 million each month.
The subscription rate of the latest issue, with a maturity of 182 days and interest rate of 5.94%, has more than doubled the previous month's.
Bahrain's monthly T-bills recorded a subscription rate of 106% in July, 152% in June and 198% in May this year.
The latest bills, expected to mature on February 23, 2025 bring the total outstanding value of government treasury bonds to BD 2.110 billion.
(Writing by Cleofe Maceda; editing by Seban Scaria)
