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Oman's central bank issues treasury bills worth OMR63m
February 6, 2018 | 3:53 PM
by ONA
Central Bank of Oman. - File picture
 
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Muscat: Oman’s central bank raised OMR63 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period of 28 days, between February 7 and March 7, 2018.

The average accepted price reached 99.890 for every OMR100 while the minimum accepted price arrived at 99.885 per OMR100. Whereas the average discount rate and the average yield reached 1.43393 per cent and 1.43551 per cent, respectively.

The interest rate on the Repo operations with CBO is 2.080 per cent for the period from February 6, 2018 to February 12, 2018 while the discount rate on the Treasury Bills Discounting Facility with CBO is 2.830 per cent for the same period.

The treasury bills are short-term highly secured financial instruments issued by the CBO on behalf of the Government, which helps the licensed commercial banks to gainfully invest their surplus funds, with added advantage of ready liquidity through discounting and repurchase facilities (Repo) offered by the Central Bank.



Further, treasury bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Also, the Government may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.

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