CBO issues treasury bills worth OMR26.250 million

13/01/2025 04:55 AST

The Central Bank of Oman (CBO) raised OMR26.250 million by a way of allotting treasury bills on Monday.

The value of the allotted treasury bills amounted to RO 5 million, for a maturity period of 28 days. The average accepted price reached RO 99.700 for every RO 100, and the minimum accepted price arrived at RO 99.700 per RO 100. The average discount rate and the average yield reached 3.91071% and 3.92248%, respectively.

The value of the allotted treasury bills amounted to RO 13 million, for a maturity period of 91 days. The average accepted price reached 98.942 RO for every RO 100, and the minimum accepted price arrived at RO 98.940 per RO 100. The average discount rate and the average yield reached 4.24548% and 4.29090%, respectively.

Meanwhile, the value of the allotted Treasury bills amounted to RO 8.250 million, for a maturity period of 182 days. The average accepted price reached RO 97.826 for every RO 100, and the minimum accepted price arrived at RO 97.810 per RO 100. The average discount rate and the average yield reached 4.36043% and 4.45737%, respectively.

The Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the Issue Manager and provides the added advantage of ready liquidity through discounting and repurchase facilities (Repo).

It may be noted that the interest rate on the Repo operations with CBO is 5.00% while the discount rate on the Treasury Bills Discounting Facility with CBO is 5.50%.

Furthermore, the Treasury Bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Additionally, the Government may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.

Times of Oman