Oman Issues RO 44.37 Million in Treasury Bills

Muscat : The Government of Oman has issued a new batch of Treasury Bills valued at RO 44.370 million, according to the latest announcement. The allotment pertains to bills with a 91-day maturity period.

The average accepted price for these bills was RO 98.953 per RO 100, while the minimum accepted price stood at RO 98.930. The average discount rate was recorded at 4.19883%, and the average yield reached 4.24326%.

Treasury Bills are short-term, highly secure financial instruments issued by the Ministry of Finance, primarily aimed at helping licensed commercial banks invest their surplus funds safely. The Central Bank of Oman (CBO) serves as the Issue Manager, offering liquidity support through discounting and repurchase (Repo) facilities.

As per current monetary policy rates:

• The Repo rate with the CBO stands at 5.00%
• The Treasury Bills Discounting Facility rate is 5.50%

These instruments not only support liquidity management in the banking sector but also enhance the development of the local money market by establishing a benchmark yield curve for short-term interest rates. Moreover, the government may utilize Treasury Bills to meet recurrent expenditure requirements as needed.