Oman Issues RO 30 Million in Government Treasury Bills

Oman, 24 September, 2024 : The Government of Oman has issued Treasury Bills totaling RO 30 million. The allotment includes RO 4.3 million in Treasury Bills with a maturity period of 28 days, achieving an average accepted price of RO 99.650 per RO 100. The minimum accepted price was also RO 99.650, with an average discount rate of 4.55947% and an average yield of 4.57547%.

In addition, RO 25.7 million in Treasury Bills were allotted for a 91-day maturity period, with an average accepted price of RO 98.817 per RO 100 and a minimum accepted price of RO 98.790. The average discount rate for this issuance reached 4.74639%, with an average yield of 4.80325%.

Treasury Bills are short-term, highly secured financial instruments issued by the Ministry of Finance, allowing licensed commercial banks to invest surplus funds. The Central Bank of Oman (CBO) manages the issuance and offers liquidity through discounting and repurchase facilities, with a Repo interest rate of 5.50% and a discount rate of 6.00%.

These Treasury Bills also contribute to the local money market by establishing a benchmark yield curve for short-term interest rates and can be utilized by the government to finance recurrent expenditures as needed.

Source : www.omannews.gov.om