Monday 24 / February / 2025
Muscat: The total issuance of Government Treasury Bills amounted to OMR49 million. The value of the allotted Treasury bills amounted to OMR3 million, for a maturity period of 28 days. The average accepted price reached OMR99.700 for every OMR100, and the minimum accepted price arrived at OMR99.700 per OMR100. The average discount rate and the average yield reached 3.91071% and 3.92248%, respectively.
Also, the value of the allotted Treasury bills amounted to OMR4 million, for a maturity period of 91 days. The average accepted price reached OMR98.965 for every OMR100, and the minimum accepted price arrived at OMR98.965 per OMR100. The average discount rate and the average yield reached 4.15137% and 4.19479%, respectively.
The value of the allotted Treasury bills amounted to OMR32 million, for a maturity period of 182 days. The average accepted price reached OMR97.850 for every OMR100, and the minimum accepted price arrived at OMR97.840 per OMR100. The average discount rate and the average yield reached 4.31181% and 4.40656%, respectively.
On the other hand, the value of the allotted Treasury bills amounted to OMR10 million, for a maturity period of 364 days. The average accepted price reached OMR95.930 for every OMR100, and the minimum accepted price arrived at OMR95.880 per OMR100. The average discount rate and the average yield reached 4.08118% and 4.25436%, respectively.
Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the Issue Manager and provides the added advantage of ready liquidity through discounting and repurchase facilities (Repo).
It may be noted that the interest rate on the Repo operations with CBO is 5.00% while the discount rate on the Treasury Bills Discounting Facility with CBO is 5.50%.
Furthermore, Treasury Bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Additionally, the Government may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.
