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Tender Results issue number 105 of Government Treasury Bills Worth RO 62 Million was issued11/16/2020 8:00:00 PMTender Results issue number 105 of Government Treasury Bills Worth RO 62 Million was issuedA tender of Government Treasury Bills, issue number 105, worth RO 62 Million was announced this week. <p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2">A tender of Government Treasury Bills, issue number 105, worth RO 62 Million was announced this week. </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2">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 acts as the Issue Manager and provides the added advantage of ready liquidity through discounting and repurchase facilities (Repo). </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2">The results of the said issue are as follows:  </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2">The total value of the allotted Treasury bills amounted to RO 62 million, for a maturity period of 28 days, from 18th November 2020 until 16th December 2020. The average accepted price reached 99.950 for every RO 100, and the minimum accepted price arrived at 99.950 per RO 100. </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2">The average discount rate and the average yield reached 0.65179% and 0.65211%, respectively.</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2">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 1%.</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2">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.</span></p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB70300A9BCF8A0432A87429120A5B0A0EDBFF9

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