Insights into Oman's $182M Government Treasury Bill Issuance

Oman, 20 March, 2024 : The Central Bank of Oman (CBO) recently announced the issuance of Government Treasury Bills totaling RO 70 million this week. According to the Oman News Agency (ONA), the Treasury Bills were allotted in three maturity periods: 28 days, 91 days, and 182 days.

For the 28-day maturity period, Treasury Bills worth RO 5 million were allotted at an average accepted price of RO 99.615 for every RO 100. The average discount rate and yield were 5.01875% and 5.03815%, respectively.

For the 91-day maturity period, Treasury Bills worth RO 28.6 million were allotted at an average accepted price of RO 98.734 for every RO 100. The average discount rate and yield were 5.07643% and 5.14151%, respectively.

For the 182-day maturity period, Treasury Bills worth RO 36.4 million were allotted at an average accepted price of RO 97.446 for every RO 100. The average discount rate and yield were 5.12217% and 5.25643%, respectively.

Treasury Bills, issued by the Ministry of Finance, offer short-term, highly secured investment opportunities for licensed commercial banks. The CBO acts as the Issue Manager, providing liquidity through discounting and repurchase facilities (Repo).

Source : www.zawya.com