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Tender Results of Government Treasury Bills worth RO 35 Million was issued this week7/28/2024 8:00:00 PMTender Results of Government Treasury Bills worth RO 35 Million was issued this weekThe total issuance of Government Treasury Bills amounted RO 35 million. The value of the allotted Treasury bills amounted to OMR 21 million, for a maturity period of 91 days. <p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">The total issuance of Government Treasury Bills amounted RO 35 million. The value of the allotted Treasury bills amounted to OMR 21 million, for a maturity period of 91 days. The average accepted price reached 98.737 OMR for every OMR 100, and the minimum accepted price arrived at OMR 98.730 per OMR 100. The average discount rate and the average yield reached 5.06722 % and 5.13205 %, 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 14 million, for a maturity period of 182 days. The average accepted price reached 97.470 OMR for every OMR 100, and the minimum accepted price arrived at OMR 97.470 per OMR 100. The average discount rate and the average yield reached 5.07390 % and 5.20560 %, 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 6.00% while the discount rate on the Treasury Bills Discounting Facility with CBO is 6.50%.</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.</span></p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB70300A9BCF8A0432A87429120A5B0A0EDBFF9

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