Oman Issues RO 45 Million in Treasury Bills, Strengthening Local Money Market

Oman, 01 October, 2024 : The Government of Oman issued Treasury Bills worth RO 45 million. Of this, RO 5.9 million was allotted for a 28-day maturity with an average price of RO 99.656 per RO 100, yielding a 4.50177% return. Another RO 39.1 million was issued for a 91-day maturity, priced at RO 98.838 per RO 100, with a 4.71680% yield.

The Central Bank of Oman (CBO), acting as the issue manager, offers liquidity through discounting and repurchase (Repo) facilities. The Repo interest rate stands at 5.50%, and the Treasury Bills Discounting Facility is at 6.00%. These Treasury Bills provide banks with secure investment opportunities while contributing to Oman's money market stability.

Source : www.omannews.gov.om