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Tender Results Issue No. 124 of Government Treasury Bills worth RO 209 Million Issued


Muscat, 31 Aug (ONA) A tender of Government Treasury Bills, issue

number 124, worth RO 209 million was announced this week.

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).

The results of the said issue are as follows: the total value of the

allotted Treasury bills amounted to RO 209 million, for a maturity

period of 28 days, from 1 September 2021 until 29 September 2021. The

average accepted price reached 99.954 for every RO 100, and the

minimum accepted price arrived at 99.950 per RO 100.

The average discount rate and the average yield reached 0.59721% and

0.59748%, respectively.

It may be noted that the interest rate on the Repo operations with CBO

is 0.5% while the discount rate on the Treasury Bills Discounting

Facility with CBO is 0.75%.

Furthermore, Treasury Bills promote the local money market by creating

a benchmark yield curve for short-term interest rates. Additionally,

the Government may also resort to this instrument whenever felt

necessary for financing its recurrent expenditures.

— Ends/AG/HG


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