CBB Gov launches ‘T-Bills Market’

Bahrain Bourse (BHB) yesterday launched “Treasury Bills Market” with the listing of 11 issues approved by Central Bank of Bahrain (CBB). 

The event was held under the patronage and presence of Rasheed Al Maraj, CBB Governor and Yusuf Abdulla Humood, Chairman of Bahrain Bourse (BHB) along with other VIPs and officials from financial institutions and banks.

Commenting on the launch, Rasheed Al Maraj said that the launch goes in line with the Government’s plan to support and enhance Capital Markets sector in the Kingdom, which is considered one of vital sectors to the economy.  

Al Maraj assured CBB’s commitment to continue developing legislations and rules governing the Capital Markets in accordance with International Standards.

“The CBB is keen to support Bahrain Bourse in order to increase its competitiveness to attract more local and foreign investments,” Al Maraj
said.

“The CBB is continuously working closely with BHB and related parties to offer innovative products and services to develop and enhance the legislative infrastructure of the Capital Markets sector in order to secure the soundness of the market and ensure that operations are conducted in a fair and transparent manner,” Al Maraj added.

Yusuf Humood expressed his delightedness for the launch of the Treasury Bills market and praised the vital role of the CBB Governor in launching this market.  

“The launch of the Treasury Bills market will play a great role in enhancing cash liquidity in local and foreign banks that deal in Bahraini T-Bills,”  Humood said.

“This will provide more investment alternatives for all investors to diversify their portfolios and minimise their investment risk. BHB will continue developing the investment environment in order to encourage and facilitate the accessibility of investors to BHB and benefit from the opportunities available in all listed instruments at BHB,” Humood added.

Treasury Bills are one of the investment instruments used by governments and central banks for short-term financing with reasonable returns taking in consideration the term of these issues that is usually between 3-12 months.  T-Bills are usually issued weekly and monthly, and are considered very low-risk investments for investors.