Muscat, A tender of Government Treasury Bills,
issue number 068, was held at the Central Bank of Oman this week.
The results of issue are as follows: the total value of the allotted
Treasury bills amounted to RO 76.5 million, for a maturity period of 28
days, from 30th October until 28th November 2018. The average
accepted price reached 99.830 for every RO 100, and the minimum
accepted price arrived at 99.825 per RO 100. The average discount
rate and the average yield reached 2.21309% and 2.21685%,
respectively.
Note that the interest rate on the Repo operations with CBO is
2.802% for the period from 30/10/2018 to 5/11/2018 while the discount
rate on the Treasury Bills Discounting Facility with CBO is 3.552%, for
the same period.
Treasury Bills are short-term highly secured financial
instruments issued by the Central Bank of Oman (CBO) 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