Oman Issues RO 32.05 Million in Government Treasury Bills Across Various Maturities

Oman, 25 June, 2024 :  Oman's Ministry of Finance has issued Government Treasury Bills amounting to RO 32.05 million across various maturity periods. 

For bills maturing in 28 days, RO 5.05 million worth of Treasury bills were allotted at an average accepted price of RO 99.640 per RO 100. The average discount rate and yield were 4.69221% and 4.70916%, respectively.

Meanwhile, bills with a 91-day maturity totaled RO 25 million, with an average accepted price of RO 98.728 per RO 100. The average discount rate and yield stood at 5.10198% and 5.16771%.

Additionally, bills maturing in 182 days amounted to RO 2 million, with an average accepted price of RO 97.440 per RO 100. The average discount rate and yield were 5.13407% and 5.26895%.

Treasury Bills, issued by Oman's Ministry of Finance and managed by the Central Bank of Oman (CBO), provide secure short-term investment opportunities for licensed commercial banks. The CBO facilitates liquidity through discounting and repurchase facilities.

The interest rate for Repo operations with the CBO is set at 6.00%, while the discount rate for Treasury Bills Discounting Facility stands at 6.50%. These instruments play a critical role in establishing a benchmark yield curve for short-term interest rates in Oman's money market and support government financing needs for recurrent expenditures.

Source : www.omannews.gov.om