Treasury bills worth RO 34.78m issued

MUSCAT: A tender of government treasury Bills, issue number 120, 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 34.78 million, for a maturity period of 182 days, from December 20 until June, 20 2018.

The average accepted price reached 99.303 for every RO 100, while the minimum accepted price arrived at 99.250 per RO 100. Whereas the average discount rate and the average yield reached 1.39779 per cent and 1.40761 per cent, respectively.

The interest rate on the Repo operations with CBO is 2.001 per cent for the period from December 19 to December 25, while the discount rate on the Treasury Bills Discounting Facility with CBO is 2.751 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 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. — ONA