Muscat:The government has issued Treasury Bills totaling RO 65 million, with various maturity periods and values.
According to Oman News Agency, the issuance includes RO 10 million in Treasury Bills with a maturity period of 28 days. These bills had an average accepted price of RO 99.700 per RO 100, with both the average discount rate and yield at 3.91071% and 3.92248%, respectively.
Additionally, RO 44.5 million in Treasury Bills were allotted for a 91-day maturity period. These had an average accepted price of RO 98.972 per RO 100, with a minimum accepted price of RO 98.965 per RO 100. The average discount rate and yield were reported at 4.12298% and 4.16580%, respectively.
For a 182-day maturity period, Treasury Bills worth RO 10 million were issued. These had an average accepted price of RO 97.910 per RO 100, with both the average discount rate and yield reaching 4.19148% and 4.28096%, respectively.
The issuance also included RO 0.5 million for a 364-day maturity period. These bills had an average accepted price of RO 96.350 per RO 100, with a discount rate and yield of 3.66003% and 3.79868%, respectively.
Treasury Bills are short-term, secure financial instruments issued by the Ministry of Finance, allowing commercial banks to invest surplus funds. The Central Bank of Oman acts as the Issue Manager, offering liquidity through discounting and repurchase facilities. The interest rate on Repo operations with the Central Bank is 4.50%, while the discount rate on Treasury Bills Discounting Facility is 5.00%.
These Treasury Bills aid in developing the local money market by establishing a benchmark yield curve for short-term interest rates. The government also utilizes this instrument for financing recurrent expenditures when necessary.
