CBO issues treasury bills worth OMR94.6mn

CBO issues treasury bills worth OMR94.6mn

Muscat: The total issuance of government treasury bills (GTBs) amounted to OMR94. 6 million. The value of the allotted treasury bills amounted to OMR47 million, for a maturity period of 28 days. The average accepted price reached OMR99. 592 for every OMR100, and the minimum accepted price arrived at OMR99. 590 per OMR100. The average discount rate and the average yield reached 5. 31691 percent and 5. 33868 percent, respectively. The value of the allotted Treasury bills amounted to OMR47. 6 million, for a maturity period of 91 days. The average accepted price reached OMR98. 671 for every OMR100, and the minimum accepted price arrived at OMR98. 660 per OMR100. The average discount rate and the average yield reached 5. 33007 percent and 5. 40186 percent, respectively. 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). It may be noted that the interest rate on the Repo operations with CBO is 6 percent while the discount rate