Economy
Government Treasury Bills Worth RO216mn Issued By CBO

A tender of Government Treasury Bills, issue number 131, worth RO216mn was issued this week.
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 results of the said issue are as follows: the total value of the allotted Treasury bills amounted to RO216 million, for a maturity period of 28 days – from 5 January 2022 until 2 February 2022.
The average accepted price reached 99.951 for every RO100, and the minimum accepted price arrived at 99.950 per RO100.
The average discount rate and the average yield reached 0.63972 per cent and 0.64003 per cent respectively.
It may be noted that the interest rate on the Repo operations with CBO is 0.5 per cent while the discount rate on the Treasury Bills Discounting Facility with CBO is 0.75 per cent.
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.
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