Muscat: A tender of Government Treasury Bills, issue number 040, was held at the Central Bank of Oman (CBO) this week.
The results of issue are as follows: the total value of the allotted Treasury Bills amounted to RO 60 million, for a maturity period of 28 days, from August 16 until September 13.
The average accepted price reached 99.924 for every RO 100, and the minimum accepted price arrived at 99.920 per RO 100.
The average discount rate and the average yield reached 0.99397 per cent and 0.99473 per cent respectively.
Note that the interest rate on the Repo operations with CBO is 1.728 per cent for the period from 15-08-2017 to 21-08-2017 while the discount rate on the Treasury Bills Discounting Facility with CBO is 2.478 per cent, for the same period. Treasury Bills are short-term highly secured financial instruments issued by the CBO on behalf of the Government, which helps the licensed commercial banks to gainfully invest their surplus funds, with added advantage of ready liquidity through discounting and repurchase facilities (Repo) offered by the Central Bank.
Furthermore, Treasury Bills promote the local money market by creating a benchmark yield curve for short-term interest rates. — ONA
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