CBO issues RO63mn worth of treasury bills

Muscat - 

A tender for the government treasury bills, issue number 467, was issued at the Central Bank of Oman this week. Total value of allotted treasury bills amounted to RO62.81mn for a maturity period of 91 days (from October 18, 2017 to January 17, 2018).

Average accepted price reached RO99.711 for every RO100 bill, while the minimum accepted price arrived at RO99.705 per RO100.

Average discount rate and average yield reached to 1.15852 per cent and 1.1619 per cent, respectively.

The interest rate on the CBO’s repo operations is 1.737 per cent for the period from October 17 to October 23, while the discount rate on treasury bills discounting facility with the CBO is 2.487 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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