Muscat: The Government of Oman has issued Treasury Bills worth RO 89.85 million, with the Central Bank of Oman (CBO) acting as the Issue Manager. These short-term financial instruments are aimed at providing investment opportunities for licensed commercial banks and ensuring liquidity in the financial market.
According to Oman News Agency, the issuance included Treasury bills valued at RO 64.85 million with a maturity period of 91 days. The average accepted price for these bills was RO 98.983 per RO 100, with a minimum accepted price of RO 98.970. The average discount rate and yield for the 91-day bills were 4.07720% and 4.11907%, respectively. Additionally, Treasury bills worth RO 25 million were allotted for a 182-day maturity period, priced at an average accepted price of RO 97.990. The discount rate and yield for the 182-day bills stood at 4.03104% and 4.11373%, respectively.
The Central Bank of Oman provides added liquidity advantages through discounting and repurchase facilities for these Treasury bills. The Repo operations interest rate is set at 5.00%, while the discount rate on the Treasury Bills Discounting Facility is 5.50%. These instruments also contribute to the development of the local money market by establishing a benchmark yield curve for short-term interest rates. The government utilizes this financial tool to finance recurrent expenditures when necessary.