Government Issues RO 13.6 Million in Treasury Bills

UAE, 23 July, 2024 : The government has issued Treasury Bills totaling RO 13.6 million. The bills include three separate allocations:

• RO 5 million in 28-day Treasury Bills, with an average accepted price of RO 99.660 per RO 100, an average discount rate of 4.43214%, and an average yield of 4.44726%.
• RO 4.6 million in 91-day Treasury Bills, with an average accepted price of RO 98.736 per RO 100, an average discount rate of 5.07129%, and an average yield of 5.13623%.
• RO 4 million in 182-day Treasury Bills, with an average accepted price of RO 97.455 per RO 100, an average discount rate of 5.10398%, and an average yield of 5.23727%.

Treasury Bills, issued by the Ministry of Finance and managed by the Central Bank of Oman (CBO), offer a secure investment option for commercial banks and provide liquidity through discounting and repurchase facilities (Repo). The Repo interest rate is 6.00%, while the discount rate on Treasury Bills is 6.50%.

These bills help establish a benchmark yield curve for short-term interest rates and can be used by the government to finance recurrent expenditures.

Source : www.omannews.gov.om