MUSCAT: The total issuance of Government Treasury Bills amounted to RO 70 million. The value of the allotted Treasury bills amounted to RO 5 million, for a maturity period of 28 days.
The average accepted price reached RO 99.615 for every RO 100, and the minimum accepted price arrived at RO 99.615 per RO 100. The average discount rate and the average yield reached 5.01875 per cent and 5.03815 per cent, respectively.
Whereas, the value of the allotted Treasury bills amounted to RO 28.6 million, for a maturity period of 91 days. The average accepted price reached RO 98.734 for every RO 100, and the minimum accepted price arrived at RO 98.705 per RO 100. The average discount rate and the average yield reached 5.07643 per cent and 5.14151 per cent, respectively.
While, the value of the allotted Treasury bills amounted to RO 36.4 million, for a maturity period of 182 days.
The average accepted price reached RO 97.446 for every RO 100, and the minimum accepted price arrived at RO 97.430 per RO 100. The average discount rate and the average yield reached 5.12217 per cent and 5.25643 per cent, 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 6.00 per cent while the discount rate on the Treasury Bills Discounting Facility with CBO is 6.50%.
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
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