CBO issues treasury bills worth OMR84Mn

Muscat: Oman’s central bank raised OMR84 million by way of allotting treasury bills on Tuesday.
The treasury bills are for a maturity period of 28 days, from June 13 until July 11, 2018.
The average accepted price reached 99.878 for every OMR100, and the minimum accepted price arrived at 99.850 per OMR100. Whereas the average discount rate and the average yield reached 1.59144 per cent and 1.59340 per cent, respectively.
The interest rate on the Repo operations with CBO is 2.547 per cent for the period from June 12, 2018 to June 18, 2018 while the discount rate on the Treasury Bills Discounting Facility with CBO is 3.297 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.