Muscat: The Central Bank of Oman (CBO) on Tuesday announced the issuance of RO 216 million worth of treasury bills to raise funds on behalf of the government
A tender of Government Treasury Bills, issue number 131, worth RO216mn was issues this week by the CBO.
Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds.
The Central Bank of Oman acts as the Issue Manager and provides the added advantage of ready liquidity discounting and repurchase facilities (Repo).
The total value of the allotted treasury bills amounted to RO 216 million, for a maturity period of 28 days, from Jan 5, 2022 until Feb 2, 2022. The average accepted price reached RO 99.951 for every RO 100, and while minimum accepted price arrived at RO 99.950 per RO 100, as per the CBO statement.
The average discount rate and average yield reached 0,63972 percent and 0.64003% percent, respectively.
The interest rate of the Repo operations with CBO is 0.5 percent while the discount rate on the Treasury Bills Discounting Facility with central Bank is 0.75 percent.
Furthermore, The government treasury bills in Oman 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.
more recommended stories
Weather update: Tropical depression in Arabian Sea into a deep tropical depression
Muscat: The latest satellite images and.
Oman continues to participate in Islamic Solidarity Games
Konya: The Sultanate of Oman continues.
Salalah Derm 2 Conference kicks off
Salalah: The Salalah Derm II Conference.
Oman Environment Authority carries out exercise to deploy oil pollution control equipment
Muscat: The Environment Authority (EA) is.
Muscat Municipality raids residential building in Seeb for storing vegetables and fruits
Muscat: Muscat Municipality raids residential building.
Child rescued from drowning in Ain Sahlounout Salalah
Salalah: The Water rescue team of.
Six people rescued after being stranded overnight on Oman Mountain
Muscat: The Royal Oman Police (ROP).
Flagpole Installation begins on Sohar Public Park
Sohar: Sohar Municipality, in partnership with.
Oman’s MoCIIP urges all accounting, auditing offices to report suspicious transactions
Muscat: The Ministry of Commerce, Industry.
Father, 2 children drowned on Oman’s Al Sawadi beach
Muscat: The Civil Defense and Ambulance.