Tender Results of Government Treasury Bills Worth RO 23.4 Million
Issued Muscat, 23 Jun (ONA) —- The total issuance of Government
Treasury Bills amounted to RO 23.4 million. The value of the allotted Treasury
bills amounted to RO 1.2 million, for a maturity period of 28 days. The average
accepted price reached RO 99.700 for every RO 100, and the minimum accepted
price arrived at RO 99.700 per RO 100. The average discount rate and the
average yield reached 3.91071% and 3.92248%, respectively.The value of the allotted Treasury bills amounted to RO 22.2 million,
for a maturity period of 91 days. The average accepted price reached RO 98.944 for
every RO 100, and the minimum accepted price arrived at RO 98.930 per RO 100.
The average discount rate and the average yield reached 4.23683% and 4.28209%,
respectively.The 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 (CBO) acts as the Issue Manager and provides the added
advantage of ready liquidity through discounting and repurchase facilities
(Repo). The interest rate on the Repo operations with CBO is 5.00% while
the discount rate on the Treasury Bills Discounting Facility with CBO is 5.50%.Furthermore, the Treasury Bills promote the local money market
by creating a benchmark yield curve for short-term interest rates.
Additionally, the Government may also resort to this instrument whenever felt
necessary for financing its recurrent expenditures.

— Ends/AH