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CBO issues treasury bills worth RO 13.600 million

The Central Bank of Oman has announced that the total value of government treasury bills allocated this week amounts to RO 13.600 million.

In a statement yesterday, the bank detailed that treasury bills with a 28-day maturity were allocated RO 5.000 million, with an average acceptable price of RO 99.660 and a lowest acceptable price of RO 99.660 per RO 100. The average discount rate was 4.43214 per cent, and the average return was 4.44726 per cent.

Bills with a 91-day maturity were allocated RO 4.600 million, with an average acceptable price of RO 98.736 and a lowest acceptable price of RO 98.730 per RO 100. The average discount rate was 5.07129 per cent, and the average return was 5.13623 per cent.

For bills with a 182-day maturity, RO 4.000 million was allocated, with an average acceptable price of RO 97.455 and a lowest acceptable price of RO 97.455 per RO 100. The average discount rate was 5.10398 per cent, and the average return was 5.23727 per cent.

The statement also noted that the interest rate on repurchase operations (repo) with the Central Bank of Oman for these bills is 6 per cent, while the discount rate on treasury bill facilities is 6.50 per cent.

Treasury bills, issued by the Ministry of Finance, are a secure short-term financial instrument providing investment opportunities for licensed commercial banks, with the Central Bank of Oman managing the issuance. These bills can be rapidly liquidated through discounting with the Central Bank or through repo transactions. Licensed commercial banks can also conduct repo operations among themselves in the interbank market. This instrument helps establish short-term interest rate benchmarks for the local financial market and offers the government a flexible means to finance some of its expenditures.

ONA

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