CBO issues treasury bills worth OMR59 million

CBO issues treasury bills worth OMR59 million

August 11, 2020 | 4:41 PM

by ONA

Central Bank of Oman. Photo: ONA

Muscat: Oman's central bank raised OMR59 million by way of allotting treasury bills on Tuesday.The treasury bills are for a maturity period of 28 days, from Wednesday, August 12 until September 9, 2020.The average accepted price reached 99.949 for every OMR100, and the minimum accepted price arrived at 99.945 per OMR100. The average discount rate and the average yield reached 0.65841 per cent and 0.65875 per cent, respectively.Note 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 1 per cent.

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