CBO is­sues RO46mn worth of trea­sury bills

Muscat Daily - - BUSINESS -

Mus­cat – A ten­der of gov­ern­ment trea­sury bills (is­sue num­ber 087) was held at the Cen­tral Bank of Oman (CBO) this week. The to­tal value of the al­lot­ted trea­sury bills amounted to RO46mn, for a ma­tu­rity pe­riod of 28 days, from De­cem­ber 4, 2019 un­til Jan­uary 1, 2020.

The average ac­cepted price reached RO99.869 for ev­ery RO100 bill, and the min­i­mum ac­cepted price ar­rived at RO99.865. The average dis­count rate and the average yield reached 1.7088 per cent and 1.7110 per cent, re­spec­tively.

The in­ter­est rate on the repo op­er­a­tions with the CBO is 2.194 per cent for the pe­riod from De­cem­ber 3 to De­cem­ber 9, while the dis­count rate on the trea­sury bills dis­count­ing fa­cil­ity with the CBO is 2.944 per cent for the same pe­riod.

Trea­sury bills are short-term highly se­cured financial in­stru­ments is­sued by the Cen­tral Bank of Oman on be­half of the gov­ern­ment.

These in­stru­ments help the li­censed com­mer­cial banks to gain­fully in­vest their sur­plus funds, with added ad­van­tage of ready liq­uid­ity through dis­count­ing and re­pur­chase fa­cil­i­ties of­fered by the cen­tral bank.

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.