A tender of government treasury bills (issue number 532) was held at the Central Bank of Oman (CBO) this week. The total value of the allotted treasury bills amounted to RO144mn, for a maturity period of 91 days (from today until May 12, 2021), according to a press statement from the CBO.
The average accepted price reached RO99.800 for every RO100 bill, and the minimum accepted price also arrived at RO99.800. The average discount rate and the average yield reached 0.80053 per cent and 0.80213 per cent, respectively.
It may be noted that 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 Central Bank of Oman acts as the issue manager and provides the added advantage of ready liquidity.
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