RO 35 Million in Government Treasury Bills Issued with Results Announced

Oman, 12 August, 2024 :  This week, the total issuance of Government Treasury Bills reached RO 35 million. The allocation details are as follows:

91 Day Bills :  RO 30.63 million allotted, with an average accepted price of RO 98.763 and a minimum price of RO 98.750 per RO 100. The average discount rate was 4.96136%, and the average yield was 5.02350%.

182-Day Bills: RO 4 million allotted, with an average accepted price of RO 97.485 and a minimum price of RO 97.485 per RO 100. The average discount rate was 5.04382%, and the average yield was 5.17394%.

364-Day Bills: RO 0.37 million allotted, with an average accepted price of RO 95.295 and a minimum price of RO 95.295 per RO 100. The average discount rate was 4.71793%, and the average yield was 4.95086%.

Issued by the Ministry of Finance and managed by the Central Bank of Oman (CBO), Treasury Bills offer secure short-term investment opportunities for commercial banks. They also support the local money market by creating a benchmark yield curve for short-term interest rates. The CBO’s Repo operations interest rate is 6.00%, while the discount rate for Treasury Bills is 6.50%.

Source : www.omannews.gov.om