A tender of government treasury bills (issue number 116) was held at the Central Bank of Oman (CBO) this week. The total value of the allotted treasury bills amounted to RO35mn, for a maturity period of 28 days (from today until May 19, 2021).
The average accepted price reached RO99.950 for every RO100 bill, and the minimum accepted price arrived at RO99.950.
The average discount rate and the average yield reached 0.65179 per cent and 0.65211 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 the CBO is 0.75 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 through discounting and repurchase facilities (repo).
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