Muscat, A tender of Government Treasury Bills,

issue number 479, was held at the Central Bank of Oman (CBO) this

week.

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

period.

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