• Oman

    • Tender Results of Government Treasury Bills worth OMR 19 Million Issued

    By on January 15, 2024
    cbo
    cbo

    Muscat: The total issuance of Government Treasury Bills amounted OMR 19 million. The value of the allotted Treasury bills amounted to OMR 4 million, for a maturity period of 28 days.

    The average accepted price reached OMR 99.590 for every OMR 100, and the minimum accepted price arrived at OMR 99.590 per OMR 100. The average discount rate and the average yield reached 5.34464% and 5.36665%, respectively.

    The value of the allotted Treasury bills amounted to OMR 15 million, for a maturity period of 91 days. The average accepted price reached 98.660 OMR for every OMR 100, and the minimum accepted price arrived at RO 98.660 per OMR 100. The average discount rate and the average yield reached 5.37473% and 5.44772%, respectively.

    The 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 (CBO) acts as the Issue Manager and provides the added advantage of ready liquidity through discounting and repurchase facilities (Repo).

    It may be noted that the interest rate on the Repo operations with CBO is 6.00 per cent while the discount rate on the Treasury Bills Discounting Facility with CBO is 6.50%. Furthermore, the 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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