CBO issues RO 30 million treasury bills
Published: 04:09 PM,Sep 23,2024 | EDITED : 08:09 PM,Sep 23,2024
The bills include RO 4.3 million with a 28-day maturity.
MUSCAT: The Central Bank of Oman (CBO) announced the allocation of government treasury bills worth RO 30 million for this week. The bills include RO 4.3 million with a 28-day maturity at an average price of RO 99.650 per RO 100 , yielding an average discount rate of 4.55947% and an average return of 4.57547%.
Additionally, RO 25.7 million was allocated for a 91-day maturity at an average price of RO 98.817 per RO 100 , with an average discount rate of 4.74639% and an average return of 4.80325%.
The CBO statement noted that the interest rate on repurchase operations (repo) with the Central Bank is 5.50%, while the discount rate on treasury bill facilities is 6.00%.
Treasury bills, managed by the CBO on behalf of the Ministry of Finance, serve as a short-term secured investment option for licensed commercial banks. These bills offer rapid liquidity through discounting with the CBO or via repo transactions between banks in the interbank market. Additionally, they provide a benchmark for short-term interest rates in the local financial market and offer the government a flexible tool to finance expenses. — ONA
Additionally, RO 25.7 million was allocated for a 91-day maturity at an average price of RO 98.817 per RO 100 , with an average discount rate of 4.74639% and an average return of 4.80325%.
The CBO statement noted that the interest rate on repurchase operations (repo) with the Central Bank is 5.50%, while the discount rate on treasury bill facilities is 6.00%.
Treasury bills, managed by the CBO on behalf of the Ministry of Finance, serve as a short-term secured investment option for licensed commercial banks. These bills offer rapid liquidity through discounting with the CBO or via repo transactions between banks in the interbank market. Additionally, they provide a benchmark for short-term interest rates in the local financial market and offer the government a flexible tool to finance expenses. — ONA