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Tender Results of Government Treasury Bills worth RO 12.10 Million was issued this week3/13/2023 8:00:00 PMTender Results of Government Treasury Bills worth RO 12.10 Million was issued this weekThe total issuance of Government Treasury Bills amounted RO 12.10 Million.<div style="text-align:justify;"></div><div style="text-align:justify;"></div><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">Muscat: CBO</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">The total issuance of Government Treasury Bills amounted RO 12.10 Million. The value of the allotted Treasury bills amounted to OMR 10.40 million, for a maturity period of 28 days. The average accepted price reached OMR 99.652 for every OMR 100, and the minimum accepted price arrived at OMR 99.650 per OMR 100. The average discount rate and the average yield reached 4.53743% and 4.55328%, respectively.</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">Whereas, the value of the allotted Treasury bills amounted to OMR 1.70 million, for a maturity period of 91 days. The average accepted price reached OMR 98.775 for every OMR 100, and the minimum accepted price arrived at OMR 98.775 per OMR 100. The average discount rate and the average yield reached 4.91346% and 4.97440%, respectively.</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">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-3">It may be noted that the interest rate on the Repo operations with CBO is 5.25% while the discount rate on the Treasury Bills Discounting Facility with CBO is 5.75%.</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">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.<br></span></p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB70300A9BCF8A0432A87429120A5B0A0EDBFF9

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