• Oman

    • Government Treasury Bills Worth RO77.5 mln issued this week

    By on April 19, 2022
    cbo
    cbo

    Muscat: A tender of Government Treasury Bills, issue number 138, worth RO 77.5 million was issued this week

    Treasury Bills are short-term highly secured financial instruments issues by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the Issue Manager and provides the added advantage of ready liquidity through discounting and repurchase facilities (Repo).

    The results of the said issue are as follows: The total value of the allotted Treasury bills amounted to RO 77.5 million, for a maturity period of 28 days, from 20 April 2022 until 18 May 2022. The average accepted price reached 99.946 for every RO 100, and the minimum accepted price arrived at 99.940 per RO 100.

    The average discount rate and the average yield reached 0.70225% and 0.70263%, respectively.

    It may be noted that the interest rate on the Repo operations with CBO is 0.75% while the discount rate on the Treasury Bills Discouting Facility with CBO is 1.25%

    Futhermore, Treasury Bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Additionally, the Government may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.

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