Oman News Agency (ONA) reported that the total issuance of Government Treasury Bills in Oman for the current week reached RO 68M.
As per the Central Bank of Oman’s statement, Treasury bills amounting to RO 17M were allotted for a 28-day maturity period. The average accepted price stood at RO 99.600 per RO 100, with a minimum accepted price of RO 99.600 per RO 100. The corresponding average discount rate and yield were 5.21429% and 5.23523%, respectively.
Additionally, Treasury bills totaling RO 51M were allotted for a 91-day maturity period. The average accepted price for every RO 100 was RO 98.662, with a minimum accepted price of RO 98.660. The average discount rate and yield reached 5.36686% and 5.43965%, respectively.
These Treasury Bills, short-term and highly secured financial instruments issued by the Ministry of Finance, offer licensed commercial banks the opportunity to invest surplus funds.
The Central Bank of Oman, serving as the Issue Manager, facilitates ready liquidity through discounting and repurchase facilities (Repo).
The interest rate for Repo operations with CBO is 6.00%, while the discount rate for the Treasury Bills Discounting Facility with CBO is 6.50%, according to WAM.
