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CBO raises RO76mn from treasury bills

26 Jan 2021

A tender of the government treasury bills (issue number 531) was announced this week by the Central Bank of Oman (CBO).

Total value of the allotted treasury bills amounted to RO76mn, for a maturity period of 91 days, from today until April 28, 2021. The average accepted price reached RO99.803 for every RO100 bill, and the minimum accepted price arrived at RO99.800. 

The average discount rate and the average yield reached 0.7890 per cent and 0.7905 per cent, respectively. The interest rate on the repo operations with the 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 Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The CBO acts as the issue manager and provides the added advantage of ready liquidity through discounting and repurchase facilities.

 

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