CBO tenders treasury bills worth RO 6.5m

MUSCAT: A tender of Government Treasury Bills, issue number 64 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 6.5 million, for a maturity period of 28 days, from today September 5 until October 3.
The average accepted price reached 99.481 for every RO 100 while the minimum accepted price arrived at 99.840 per RO 100. The average discount rate and the average yield reached 2.07067 per cent and 2.07397 per cent respectively.
The interest rate on the Repo operations with CBO is 2.61 per cent for the period from September 4 to 10 while the discount rate on the Treasury Bills Discounting Facility with CBO is 3.36 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 the added advantage of ready liquidity through discounting and repurchase facilities (Repo) offered by the CBO. — ONA