Tender Results of Government Treasury Bills Worth RO 50.15 Million Issued

Muscat, 18 Aug (ONA) — The total
issuance of Government Treasury Bills amounted to RO 50.15 million. The value
of the allotted Treasury bills amounted to RO 50.15 million, for a maturity
period of 91 days. The average accepted price reached RO 98.953 for every RO
100, and the minimum accepted price arrived at RO 98.940 per RO 100. The
average discount rate and the average yield reached 4.19856% and 4.24298%, respectively.

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 theadded
advantage of ready liquidity through discounting and repurchase facilities
(Repo).

It may be noted that 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, 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/AG