CBO issues RO 19.4 million government treasury bills
Published: 02:10 PM,Oct 14,2024 | EDITED : 06:10 PM,Oct 14,2024
MUSCAT: The Central Bank of Oman announced that the total value of government treasury bills allocated this week amounted to RO 19.4 million.
According to a statement issued yesterday, RO 2 million worth of treasury bills were allocated with a 28-day maturity period. The average accepted price for these bills stood at RO 99.660 per RO 100, while the lowest accepted price was also RO 99.660. The average discount rate for these bills was 4.43214 per cent, and the average yield reached 4.44726 per cent.
For the 91-day maturity period, treasury bills valued at RO 17.4 million were allocated, with an average accepted price of RO 98.842 per RO 100, and a lowest accepted price of RO 98.835. The average discount rate on these bills was 4.64491 per cent, and the average yield reached 4.69933 per cent.
The statement also highlighted that the interest rate on repurchase operations (repo) with the Central Bank of Oman is set at 5.50 per cent, while the discount rate on treasury bill facilities stands at 6.00 per cent.
Treasury bills, issued by the Ministry of Finance and managed by the Central Bank of Oman, serve as a short-term, secure investment instrument for licensed commercial banks. They offer quick liquidity options through discounts or repurchase agreements (repo) with the Central Bank. Commercial banks can also engage in interbank repo transactions involving treasury bills. Additionally, this financial instrument helps establish a benchmark for short-term interest rates in the local financial market, providing the government with a flexible tool to finance certain expenditures. — ONA
According to a statement issued yesterday, RO 2 million worth of treasury bills were allocated with a 28-day maturity period. The average accepted price for these bills stood at RO 99.660 per RO 100, while the lowest accepted price was also RO 99.660. The average discount rate for these bills was 4.43214 per cent, and the average yield reached 4.44726 per cent.
For the 91-day maturity period, treasury bills valued at RO 17.4 million were allocated, with an average accepted price of RO 98.842 per RO 100, and a lowest accepted price of RO 98.835. The average discount rate on these bills was 4.64491 per cent, and the average yield reached 4.69933 per cent.
The statement also highlighted that the interest rate on repurchase operations (repo) with the Central Bank of Oman is set at 5.50 per cent, while the discount rate on treasury bill facilities stands at 6.00 per cent.
Treasury bills, issued by the Ministry of Finance and managed by the Central Bank of Oman, serve as a short-term, secure investment instrument for licensed commercial banks. They offer quick liquidity options through discounts or repurchase agreements (repo) with the Central Bank. Commercial banks can also engage in interbank repo transactions involving treasury bills. Additionally, this financial instrument helps establish a benchmark for short-term interest rates in the local financial market, providing the government with a flexible tool to finance certain expenditures. — ONA