CBO raises RO63mn from treasury bills

Oman’s central bank raised OMR63 million from treasury bills. the treasury bills are with a maturity period of 28 days, from November 29 (Wednesday) until December 27, 2017. The average accepted price reached 99.918 for every OMR100 while the minimum accepted price arrived at 99.905 per OMR100. The average discount rate and the average yield reached 1.06769 per cent and 1.06857 per cent, respectively.

The interest rate on the Repo operations with CBO is 1.847 per cent for the period from November 28 to December 11, while the discount rate on the Treasury Bills Discounting Facility with CBO is 2.597 per cent for the same

The Treasury Bills are short-term highly secured financial instruments issued by the CBO on behalf of the Government, which help 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.

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