CBO issues RO77mn worth of treasury bills
A tender of government treasury bills (issue No 57) was held at the Central Bank of Oman (CBO) this week.
Total value of the allotted treasury bills amounted to RO77mn, for a maturity period of 28 days (from today until June 13).
Average accepted price reached RO99.881 for every RO100 bill while the minimum accepted price arrived at RO99.88 per RO100.
Average discount rate and average yield reached 1.5515 per cent and 1.5534 per cent, respectively.
The interest rate on repo operations with the CBO is 2.434 per cent for the period from May 15 to May 21 while the discount rate on treasury bills discounting facility with the CBO is 3.184 per cent for the same period.
Treasury bills are short-term highly secured financial instruments issued by the CBO on behalf of the government.