CBO Treasury Bills Tender Results

Muscat, A tender of Government Treasury Bills,

issue number 489, held at the Central Bank of Oman (CBO) this week

and the results of issue are as follows: the total value of the allotted

Treasury bills amounted to RO 30 million, for a maturity period of 91

days, from 3 April 2019 until 3 July 2019. The average accepted price

reached 99.372 for every RO 100 while the minimum accepted price

arrived at 99.365 per RO 100. The average discount rate and the

average yield reached 2.52024% and 2.53618%, respectively.

Note that the interest rate on the Repo operations with CBO is

2.993% for the period from 2/4/2019 to 8/4/2019 while the discount rate

on the Treasury Bills Discounting Facility with CBO is 3.743% 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

added advantage of ready liquidity through discounting and

repurchase facilities (Repo) offered by the Central Bank. Furthermore,

Treasury Bills promote the local money market by creating a

benchmark yield curve for short-term interest rates. Additionally, the

Government (MOF) may also resort to this instrument whenever felt

necessary for financing its recurrent expenditures.

Source: Oman News Agency