Muscat, A tender of Government Treasury Bills,
issue number 477 was held at the Central Bank of Oman (CBO) this
The results of the issue are as follows: The total value of the allotted
Treasury bills amounted to RO 58 million, for a maturity period of 91
days, from tomorrow Wednesday 1st August until 31th October 2018.
The average accepted price reached 99.481 for every RO 100 while
the minimum accepted price arrived at 99.420 per RO 100. The
average discount rate and the average yield reached 2.08364% and
The interest rate on the Repo operations with CBO is 2.582% for the
period from 31/7/2018 to 6/8/2018 while the discount rate on the
Treasury Bills Discounting Facility with CBO is 3.332% for the same
The Treasury Bills are short-term highly secured financial
instruments issued by the CBO on behalf of the Government, which
helps the licensed commercial banks to gainfully invest their surplus
funds, with the added advantage of ready liquidity through discounting
and repurchase facilities (Repo) offered by the CBO.
Furthermore, the Treasury Bills promote the local money market by
creating a benchmark yield curve for short-term interest rates.
Additionally, the Government (MOF) may also resort to this instrument
whenever felt necessary for financing its recurrent expenditures.
Source: Oman News Agency