A tender of the government treasury bills (issue number 507) was held at the Central Bank of Oman (CBO) this week. The total value of allotted treasury bills amounted to RO65mn, for a maturity period of 91 days, from today until April 22.

The average accepted price reached RO99.544 for every RO100 bill while the minimum accepted price arrived at RO99.540. The average discount rate and the average yield reached 1.8280 per cent and 1.8364 per cent, respectively.

The interest rate on the repo operations with the CBO is 2.153 per cent for the period from January 21 to January 27 while the discount rate on the treasury bills discounting facility with the CBO is 2.903 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 help the licensed commercial banks to gainfully invest their surplus funds, with the advantage of ready liquidity through discounting and repurchase facilities offered by the CBO