CBO issues treasury bills worth RO30mn

Muscat – A tender of government treasury bills (issue number 67) was held at the Central Bank of Oman (CBO) this week.

Total value of allotted treasury bills amounted to RO30mn, for a maturity period of 28 days (from today until November 14).

Average accepted price reached RO99.83 for every RO100 bill while minimum accepted price also arrived at RO98.83. Average discount rate and average yield reached 2.216 per cent and 2.2198 per cent, respectively.

Interest rate on the repo operations with the CBO is 2.79 per cent for the period from Tuesday to October 22 while the discount rate on treasury bills discounting facility with the CBO is 3.54 per cent for the same period.

Treasury bills are shortterm highly secured financial instruments issued by the CBO on behalf of the government. The bills help the licensed commercial banks to gainfully invest their surplus funds.