Muscat, A tender of Government Treasury Bills,

issue number 083, was held at the Central Bank of Oman (CBO) this

week and the results of issue are as follows: the total value of the

allotted Treasury bills amounted to RO 77.2 million, for a maturity

period of 28 days, from 2 October 2019 until 30 October 2019. The

average accepted price reached 99.846 for every RO 100, and the

minimum accepted price arrived at 99.845 per RO 100. The average

discount rate and the average yield reached 2.00601% and 2.00911%,

respectively. Note that the interest rate on the Repo operations with

CBO is 2.516% for the period from 1/10/2019 to 7/10/2019 while the

discount rate on the Treasury Bills Discounting Facility with CBO is

3.266%, for the same period.

Treasury Bills are short-term highly secured financial instruments

issued by the Central Bank of Oman on behalf of the Government,

which help 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, 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