Government Treasury Bills Issuance Results in RO 40 Million Allocation Across Various Maturities

Oman, 3 September, 2024 : The Government issued Treasury Bills worth RO 40 million, with allocations across various maturity periods.

28-Day Bills: RO 10 million allotted, with an average price of RO 99.635 per RO 100. The average discount rate was 4.75804%, and the average yield was 4.77547%.

91-Day Bills: RO 22 million allotted, with an average price of RO 98.775 per RO 100. The average discount rate was 4.91255%, and the average yield was 4.97347%.

182-Day Bills: RO 7.5 million allotted, with an average price of RO 97.547 per RO 100. The average discount rate was 4.91881%, and the average yield was 5.04249%.

 364-Day Bills: RO 0.5 million allotted, with an average price of RO 95.340 per RO 100. The average discount rate was 4.67280%, and the average yield was 4.90120%.

Treasury Bills are secure, short-term financial instruments issued by the Ministry of Finance, allowing commercial banks to invest surplus funds. The Central Bank of Oman (CBO) manages the issuance and provides liquidity through discounting and repurchase (Repo) facilities, with Repo interest rates at 6.00% and a discount rate of 6.50%. Treasury Bills also support the local money market by establishing 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