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Tender Results issue number 112 of Government Treasury Bills worth RO 83.5 Million was issued2/15/2021 8:00:00 PMTender Results issue number 112 of Government Treasury Bills worth RO 83.5 Million was issuedA tender of Government Treasury Bills, issue number 112, worth RO 83.5 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 112, worth RO 83.5 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 83.5 million, for a maturity period of 28 days, from 17th February 2021 until 17th March 2021. 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><p> </p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB70300A9BCF8A0432A87429120A5B0A0EDBFF9

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