Tender
Results of Government Treasury Bills Worth RO 12.5 Million Issued

Muscat,
20 Oct (ONA) — The total issuance of government treasury bills amounted to RO
12.5 million. The value of the allotted treasury bills amounted to RO 3 million,
for a maturity period of 28 days.

The
average accepted price reached RO 99.755 for every RO 100, and the minimum
accepted price arrived at RO 99.755 per RO 100. The average discount rate and
the average yield reached 3.19375% and 3.20159%, respectively.

The
value of the allotted treasury bills amounted to RO 9.5 million, for a maturity
period of 91 days. The average accepted price reached RO 99.059 for every RO
100, and the minimum accepted price arrived at RO 99.055 per RO 100. The
average discount rate and the average yield reached 3. 77455% and 3.81041%,
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 acts as the
Issue Manager and provides theadded advantage of ready liquidity through
discounting and repurchase facilities (Repo).

The
interest rate on the Repo operations with CBO is 4.75% while the discount rate
on the Treasury Bills Discounting Facility with CBO is 5.25%.

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.

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Ends/AH