• Oman

    • Tender Results of Government Treasury Bills worth RO 35 Million Issued This Week

    By on July 3, 2023
    cbo
    cbo

    London: The total issuance of Government Treasury Bills amounted to RO 35 million. The value of the allotted Treasury bills amounted to RO 20 million, for a maturity period of 28 days.

    The average accepted price reached RO 99.665 for every RO 100, and the minimum accepted price arrived at RO 99.665 per RO 100. The average discount rate and the average yield reached 4.36696% and 4.38164%, respectively.

    Whereas, the value of the allotted Treasury bills amounted to RO 15 million, for a maturity period of 91 days. The average accepted price reached RO 98.767 for every RO 100, and the minimum accepted price arrived at RO 89.765 per RO 100. The average discount rate and the average yield reached 4.94689% and 5.00866%, respectively.

    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 theadded 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 5.75% while the discount rate on the Treasury Bills Discounting Facility with CBO is 6.25%.

    Furthermore, 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. – ONA

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.