Oman Issues RO 50 Million in Treasury Bills to Boost Local Money Market

Oman, 10 December, 2024 : Oman has issued Government Treasury Bills totaling RO 50 million, with varying maturity periods.

The breakdown of the issuance is as follows:

• RO 0.1 million in 28-day bills, with an average accepted price of RO 99.700 per RO 100, an average discount rate of 3.91%, and a yield of 3.92%.
• RO 28 million in 91-day bills, with an average accepted price of RO 98.896, an average discount rate of 4.43%, and a yield of 4.48%.
• RO 19.4 million in 182-day bills, with an average accepted price of RO 97.765, an average discount rate of 4.48%, and a yield of 4.59%.
• RO 2.5 million in 364-day bills, with an average accepted price of RO 95.826, an average discount rate of 4.19%, and a yield of 4.37%.

These Treasury Bills are short-term, highly secured financial instruments issued by the Ministry of Finance, providing licensed commercial banks an opportunity to invest their surplus funds. The Central Bank of Oman (CBO) manages the issuance and offers liquidity through discounting and repurchase facilities (Repo), with the current Repo interest rate at 5.25% and the Treasury Bills Discounting Facility at 5.75%.

Treasury Bills also help develop the local money market and serve as a benchmark yield curve for short-term interest rates, supporting government financing needs.