Muscat : A tender of Government Treasury bills, issue number 129, worth RO 99 Million was announced this week.
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 issues 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 99 million, for a maturity period of 28 days, from today until 5 January 2022. The average accepted price reached 99.950 for every RO 100, and the minimum accepted price arrived at 99,950 per RO 100.
The average discount rate and the average yield reached 0.65179% and 0.65211%, respectively.
The interest rate on the Repo operations with CBO is 0.5% while the discount rate on the Treasury bills Discounting facility with CBO is 0.75%.
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. –CBO
more recommended stories
-
Omanization: Employing citizen Mandatory in Commercial Registry for Foreign Investors
Oman makes mandatory to employe citizen.
-
One arrested for stealing truck batteries in Oman
Muscat: The Royal Oman Police arrested.
-
Expats arrested for possessing firecrackers in Oman
Muscat: The Royal Oman Police (ROP).
-
Introducing the New MG3 – Where Agility Meets Affordability in Oman’s Automotive Landscape!
Muscat: Today, the automotive landscape of.
-
Omani FM Receives UN Special Envoy for Yemen
Muscat: Sayyid Badr Hamad Al Busaidi,.
-
Oman Producer Price Index Decline 7.9% in Q4 2023
Muscat: The Producer Price Index (PPI).
-
H M The Sultan Issues Royal Decree Promulgating Biosignatures Law
Muscat: His Majesty Sultan Haitham bin.
-
Ahd Foundation Secures Release of Some Prisoners
Muscat: Ahad Foundation contributed to the.
-
Cuban President Receives OIA Chairman
Havana: President Dr. Miguel Diaz-Canel of.
-
NCSI gets ISO certificate in information security management system
Muscat: The National Centre for Statistics.