Siena:The Government Treasury Bills issuance totaled RO 65 million. The Treasury bills were allocated in various amounts and maturity periods, with different rates and yields.
According to Oman News Agency, For a 28-day maturity period, Treasury bills amounting to RO 10 million were allotted. The average accepted price was RO 99.700 per RO 100, which was also the minimum price. The average discount rate for these bills was 3.91071%, with an average yield of 3.92248%.
For the 91-day maturity Treasury bills, RO 44.5 million was allocated. The average accepted price was RO 98.972 per RO 100, while the minimum price was RO 98.965. The discount rate averaged 4.12298%, and the yield was 4.16580%.
A further allocation of RO 10 million was made for Treasury bills with a 182-day maturity. Here, both the average and minimum accepted prices stood at RO 97.910 per RO 100. The discount rate averaged 4.19148%, with a yield of 4.28096%.
Finally, Treasury bills worth RO 0.5 million were allotted for a 364-day maturity period. The average and minimum accepted prices were RO 96.350 per RO 100, with an average discount rate of 3.66003% and a yield of 3.79868%.
These Treasury Bills, issued by the Ministry of Finance, offer licensed commercial banks an opportunity to invest their surplus funds, with the Central Bank of Oman (CBO) acting as the Issue Manager. The CBO also provides liquidity through discounting and repurchase facilities (Repo).
The interest rate on Repo operations with CBO is 4.50%, while the discount rate on the Treasury Bills Discounting Facility is 5.00%. These instruments not only promote the local money market by establishing a benchmark yield curve for short-term interest rates but also serve as a tool for financing government expenditures when necessary.
