Muscat: The total issuance of Government Treasury Bills reached OMR35 million. Of this, OMR10 million was allocated for treasury bills with a maturity period of 28 days.
The average accepted price was OMR99.685 for every OMR100, with the minimum accepted price also at OMR99.685 per OMR100. The average discount rate and yield were recorded at 4.10625% and 4.11923%, respectively.
Additionally, OMR25 million was allocated for treasury bills with a maturity period of 91 days. The average accepted price for these bills was OMR98.900 per OMR100, with the minimum accepted price matching this figure. The average discount rate and yield for this issuance were 4.41209% and 4.46116%, respectively.
Treasury bills are short-term, highly secure financial instruments issued by the Ministry of Finance, allowing licensed commercial banks to invest their excess funds.
The Central Bank of Oman (CBO) serves as the Issue Manager, offering the added benefit of liquidity through discounting and repurchase agreements (Repo).
It is important to note that the interest rate for Repo operations with the CBO is set at 5.25%, while the discount rate for the Treasury Bills Discounting Facility is 5.75%.
Moreover, Treasury Bills enhance the local money market by establishing a benchmark yield curve for short-term interest rates. The Government may also utilize this instrument as needed to finance its recurrent expenditures.
