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