Muscat, A tender of Government Treasury Bills,
issue number 479, was held at the Central Bank of Oman (CBO) this
The results of issue are as follows: The total value of the allotted
Treasury bills amounted to RO 35 million, for a maturity period of 91
days, from 26th September, 2018 until 26th December, 2018.
The average accepted price reached 99.471 for every RO 100,
while the minimum accepted price arrived at 99.425 per RO 100.
Whereas the average discount rate and the average yield reached
2.12296% and 2.13427%, respectively.
The interest rate on the Repo operations with CBO is 2.718% for the
period from 25/09/2018 to 01/10/2018, while the discount rate on the
Treasury Bills Discounting Facility with CBO is 3.468%, 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 added advantage of ready liquidity through discounting and
repurchase facilities (Repo) offered by the Central Bank.
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