A tender of the government treasury bills (issue number 101) was held at the Central Bank of Oman (CBO) this week. The total value of the allotted treasury bills amounted to RO48mn, for a maturity period of 28 days (from September 2 until September 30).
The average accepted price reached RO99.95 for every RO100 bill, and the minimum accepted price also arrived at RO99.95. The average discount rate and the average yield reached 0.6504 per cent and 0.6507 per cent, respectively.
The interest rate on the repo operations with CBO is 0.5 per cent, while the discount rate on the treasury bills discounting facility with CBO is 1 per cent. Treasury bills are short-term highly secured financial instruments issued by the CBO on behalf of the government. These instruments help the licenced commercial banks to gainfully invest their surplus funds, with added advantage of ready liquidity.
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