Banking & Finance
CBO rises OMR55mn through treasury bills
The Central Bank of Oman (CBO) raised OMR55mn by way of allotting treasury bills yesterday. The bills have a maturity period of 91 days, starting today until Nov.20 later this year.
While the average accepted price reached OMR 99.469 for every OMR100, the minimum accepted price was at 99.465 per OMR100. The average discount rate and the average yield were at 2.13129% and 2.14268%, respectively.
The interest rate on the repurchase facilities (Repo) with CBO is 2.669% for the period from Nov- 20- 26 while the discount rate on the Treasury Bills Discounting Facility with CBO is 3.419%, for the same period.
READ: Oman’s Banking & Finance Sector Outlook
Treasury bills are short-term financial instruments issued by the CBO on behalf of the government. They help commercial banks to invest their surplus funds and curb temporary liquidity shortfalls. The difference between the issue price and the redemption value points to the interested on the bills. It is called a discount.
Further, treasury bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Also, the government may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.
-
OER Magazines1 month ago
OER, September 2024
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, September 24
-
Uncategorized4 weeks ago
Oman Oil Marketing Company partners with Ihsaan Association to support its activities
-
Commodities1 month ago
Gold Rangebound as Investors Brace for Key US Economic Data
-
Banking & Finance1 month ago
Apple Pay Officially Launched in Oman
-
Oil & Gas4 weeks ago
OQEP Appoints United Securities as Liquidity Provider Ahead of Landmark MSX Listing
-
Investment1 month ago
With Over RO600M in Foreign Investments, Future Fund Oman Unveils the First Batch of Investment Projects with an Overall Value of RO830M+
-
Lifestyle1 month ago
Royal Opera House Muscat Welcomes First Shows of its 2024/25 Season
You must be logged in to post a comment Login