Oman Allocates RO 43.1 Million in Treasury Bills

Oman, 19 November, 2024 : The Government of Oman issued Treasury Bills totaling RO 43.1 million, with allocations for 28-day, 91-day, and 182-day maturities.  

28-Day Bills: Allocated at RO 18.1 million, the average accepted price was RO 99.685 per RO 100, with an average yield of 4.12539%.  

91-Day Bills: Allocated at RO 22 million, the average accepted price was RO 98.865 per RO 100, yielding 4.60474%.  

182-Day Bills: Allocated at RO 3 million, the average accepted price was RO 97.720 per RO 100, with a yield of 4.67921%.  

The Treasury Bills, issued by the Ministry of Finance and managed by the Central Bank of Oman, offer commercial banks a secure short-term investment option. The repo interest rate stands at 5.25%, with a 5.75% discount rate for bill discounting.  

These instruments provide liquidity, promote the local money market, and establish a benchmark yield curve for short-term interest rates, supporting government financing needs when necessary.

Source : www.omannews.gov.om