Muscat:The Government of Oman has successfully issued Treasury Bills totaling RO 46 million. The issuance includes various maturity periods and price points, providing attractive investment opportunities for licensed commercial banks to invest their surplus funds.
According to Oman News Agency, the allotment includes RO 5 million worth of Treasury Bills with a maturity period of 28 days. These bills had an average accepted price of RO 99.705 per RO 100 and both the average discount rate and yield stood at 3.84554% and 3.85691%, respectively.
Additionally, RO 40 million was allotted for Treasury Bills with a 91-day maturity period. The average accepted price for these bills was RO 98.964 per RO 100, with a minimum of RO 98.960. The average discount rate reached 4.15639%, while the yield was 4.19991%.
Another segment of the issuance was RO 1 million in Treasury Bills with a maturity of 182 days. The average accepted price for this segment was RO 97.950 per RO 100, with both the average discount rate and yield at 4.11126% and 4.19731%, respectively.
These short-term, highly secured financial instruments are issued by the Ministry of Finance, with the Central Bank of Oman (CBO) acting as the Issue Manager. The CBO provides liquidity through discounting and repurchase facilities, with the interest rate on Repo operations set at 4.50% and the discount rate on the Treasury Bills Discounting Facility at 5.00%.
The issuance of these Treasury Bills is not only a strategic financial tool for managing government expenditures but also plays a crucial role in developing the local money market by establishing a benchmark yield curve for short-term interest rates.