CBO issues RO41mn treasury bills

Muscat - 

A tender of government treasury bills (issue number 478) was held at the Central Bank of Oman (CBO) this week. Total value of allotted treasury bills amounted to RO41mn for a maturity period of 91 days (from today until November 28). 

Average accepted price reached RO99.477 for every RO100 bill while minimum accepted price arrived at RO99.425 per RO100. Average discount rate and average yield reached 2.0984 per cent and 2.1094 per cent, respectively.

Interest rate on the repo operations with the CBO is 2.573 per cent for the period from August 28 to September 3, while the discount rate on treasury bills discounting facility with the CBO is 3.323 per cent for the same period.

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

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