Muscat:The total issuance of Government Treasury Bills has reached RO 46 million, with the allotted Treasury bills varying across different maturity periods. The Ministry of Finance issued these short-term financial instruments, which are highly secured and provide opportunities for licensed commercial banks to invest surplus funds.
According to Oman News Agency, Treasury bills worth RO 5 million were allotted for a maturity period of 28 days, with an average accepted price of RO 99.705 per RO 100. The average discount rate was 3.84554%, while the average yield stood at 3.85691%.
In addition, Treasury bills amounting to RO 40 million were allotted for a 91-day maturity period. The average accepted price for these bills was RO 98.964 per RO 100, and the minimum accepted price was RO 98.960. The average discount rate was 4.15639%, with an average yield of 4.19991%.
For a maturity period of 182 days, Treasury bills valued at RO 1 million were allotted. The average accepted price for these bills was RO 97.950 per RO 100, aligning with the minimum accepted price. The average discount rate registered at 4.11126%, while the average yield was 4.19731%.
The Central Bank of Oman (CBO), acting as the Issue Manager, offers added liquidity through discounting and repurchase facilities (Repo). The interest rate on Repo operations with CBO is set at 4.50%, whereas the discount rate on the Treasury Bills Discounting Facility is 5.00%. Treasury bills also play a role in enhancing the local money market by establishing a benchmark yield curve for short-term interest rates and may be used by the government for financing recurrent expenditures.