The Central Bank of Oman (CBO) has declared that the total issuance of Government Treasury Bills this week amounted to RO 70M. As per the Oman News Agency (ONA), the allotted Treasury Bills’ value stood at RO 5 million for a maturity period of 28 days.
The average accepted price was RO 99.615 for every RO 100, with the minimum accepted price at RO 99.615 per RO 100. The average discount rate and yield stood at 5.01875% and 5.03815%, respectively.
ONA further stated that the allotted Treasury Bills amounted to RO 28.6 million for a maturity period of 91 days. The average accepted price was RO 98.734 for every RO 100, with the minimum accepted price at RO 98.705 per RO 100. The average discount rate and yield reached 5.07643% and 5.14151%, respectively.
The value of the allotted Treasury Bills was RO 36.4M for a maturity period of 182 days. The average accepted price was RO 97.446 for every RO 100, with the minimum accepted price at RO 97.430 per RO 100. The average discount rate and yield stood at 5.12217% and 5.25643%, respectively, according to WAM.
Treasury Bills, short-term and highly secure financial instruments issued by the Ministry of Finance, offer licensed commercial banks the chance to invest their surplus funds. CBO serves as the Issue Manager, providing additional benefits of immediate liquidity through discounting and repurchase facilities (Repo).
