Tender Results of Government Treasury Bills worth RO 22 Million Issued

Muscat, 28 Jul (ONA) — The total
issuance of Government Treasury Bills amounted to RO 22 million. The value of
the allotted Treasury bills amounted to RO 22 million, for a maturity period of
91 days. The average accepted price reached RO 98.933 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 4.27900% and 4.32514%, 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