CBO issues treasury bills worth Ro85mn

The Central Bank of Oman (CBO) on Monday announced the issuance of four tenders of government treasury bills worth Ro85.5mn.

The value of the allotted treasury bills amounted to Ro6.5mn, for a maturity period of 28 days. The average accepted price reached RO99.647 for every RO100 bill, and the minimum accepted price arrived at RO99.645. The average discount rate and the average yield reached 4.5976% and 4.6138%, respectively.

The value of the allotted treasury bills amounted to Ro17mn, for a maturity period of 91 days. The average accepted price reached RO98.745 for every RO100 bill, and the minimum accepted price arrived at RO98.740. The average discount rate and the average yield reached 5.0349% and 5.0989%, respectively.

Furthermore, the value of the allotted treasury bills amounted to Ro42mn, for a maturity period of 182 days. The average accepted price reached RO97.450 for every RO100 bill, and the minimum accepted price arrived at RO97.445. The average discount rate and the average yield reached 5.1144% and 5.2483%, respectively.

On the other hand, the value of the allotted treasury bills amounted to Ro20mn, for a maturity period of 364 days. The average accepted price reached RO95.160 for every RO100 bill, and the minimum accepted price arrived at RO95.160. The average discount rate and the average yield reached 4.8533% and 5.1001%, respectively.

The interest rate on the repo operations with the CBO is 6.00% while the discount rate on the Treasury Bills Discounting Facility with the central bank is 6.50%.

Treasury bills are short-term highly secured financial instruments, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman acts as the Issue Manager and provides the added advantage of ready liquidity through discounting and repurchase facilities (repo).