MUSCAT: A tender of government treasury bills, issue number 56, was held at the Central Bank of Oman (CBO) this week.
The results of the issue are as follows: the total value of the allotted treasury bills amounted to RO 52 million, for a maturity period of 28 days, from today till May 30.
The average accepted price reached 99.882 for every RO 100 while the minimum accepted price arrived at 99.880 per RO 100. The average discount rate and the average yield reached 1.53295 per cent and 1.53476 per cent respectively.
The interest rate on the Repo operations with the CBO is 2.409 per cent for the period from May 1 to 7 while the discount rate on the treasury bills discounting facility with CBO is 3.159 per cent for the same period.
The treasury bills are short-term highly secured financial instruments issued by the CBO on behalf of the government, which help the licensed commercial banks to gainfully invest their surplus funds, with an added advantage of ready liquidity through discounting and repurchase facilities (Repo) offered by the Central Bank.
The treasury bills promote the local money market by creating a benchmark yield curve for short-term interest rates. — ONA
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