Tender Results of Government Treasury Bills Worth RO 43.1 Million Announced.

Muscat: The total issuance of Government Treasury Bills amounted to RO 43.1 million, showcasing a significant financial maneuver by the Ministry of Finance. The allocation of these Treasury bills included a maturity period of 28 days with a value of RO 18.1 million. According to Oman News Agency, the average accepted price for these 28-day bills was RO 99.685 for every RO 100, with a minimum accepted price of RO 99.680. The average discount rate and the average yield were noted at 4.11237% and 4.12539%, respectively. Moreover, Treasury bills with a maturity period of 91 days were allotted a value of RO 22 million. These bills saw an average accepted price of RO 98.865 for every RO 100, with a similar minimum accepted price. The average discount rate and yield for this period reached 4.55247% and 4.60474%, respectively. Additionally, RO 3 million worth of Treasury bills were issued for a maturity period of 182 days. The average accepted price for these bills was RO 97.720 per RO 100, with the discount rate and yield averaging 4.57253% and 4.67921%, respectively. The issuance of Treasury Bills, short-term highly secured financial instruments, is managed by the Central Bank of Oman, which provides liquidity through discounting and repurchase facilities (Repo). The Repo operations interest rate is 5.25%, while the discount rate on the Treasury Bills Discounting Facility is 5.75%. These Treasury Bills also aid in promoting the local money market by establishing a benchmark yield curve for short-term interest rates. They offer the government an avenue for financing recurrent expenditures when necessary.