RO 23.4 million treasury bills issued with attractive yields
Published: 04:11 PM,Nov 04,2024 | EDITED : 08:11 PM,Nov 04,2024
Treasury Bills are highly secure short-term instruments that allow licensed commercial banks to invest surplus funds.
MUSCAT: The government has issued Treasury Bills worth RO 23.4 million in its latest tender, offering varied yields across 28-day, 182-day and 364-day maturities.
For the 28-day bills, RO 3.1 million was allotted at an average price of RO 99.671 per RO 100, with yields reaching 4.30333% and a discount rate of 4.28917%.
A total of RO 7 million was allotted for the 182-day bills at an average price of RO 97.686 per RO 100, yielding 4.74974% with a discount rate of 4.63985%.
The 364-day bills, which received the largest allotment of RO 13.3 million, were issued at an average price of RO 95.469 per RO 100, resulting in a yield of 4.75945% and a discount rate of 4.54365%.
Treasury Bills, managed by the Central Bank of Oman (CBO) on behalf of the Ministry of Finance, are highly secure short-term instruments that allow licensed commercial banks to invest surplus funds. The CBO offers liquidity support through discounting and repo facilities, with interest rates set at 5.50% for repo operations and 6.00% for discounting Treasury Bills.
These instruments not only provide secure returns, but also help shape the local money market by setting a benchmark for short-term interest rates. Additionally, the government may use Treasury Bills to cover immediate financial needs when necessary. — ONA
For the 28-day bills, RO 3.1 million was allotted at an average price of RO 99.671 per RO 100, with yields reaching 4.30333% and a discount rate of 4.28917%.
A total of RO 7 million was allotted for the 182-day bills at an average price of RO 97.686 per RO 100, yielding 4.74974% with a discount rate of 4.63985%.
The 364-day bills, which received the largest allotment of RO 13.3 million, were issued at an average price of RO 95.469 per RO 100, resulting in a yield of 4.75945% and a discount rate of 4.54365%.
Treasury Bills, managed by the Central Bank of Oman (CBO) on behalf of the Ministry of Finance, are highly secure short-term instruments that allow licensed commercial banks to invest surplus funds. The CBO offers liquidity support through discounting and repo facilities, with interest rates set at 5.50% for repo operations and 6.00% for discounting Treasury Bills.
These instruments not only provide secure returns, but also help shape the local money market by setting a benchmark for short-term interest rates. Additionally, the government may use Treasury Bills to cover immediate financial needs when necessary. — ONA