MUSCAT: The Central Bank of Oman (CBO) announced that the total value of government treasury bills issued this week reached RO 48 million. These bills were divided into two maturity periods: RO 15 million allocated for 28 days with an average price of RO 99.685 per RO 100, a discount rate of 4.11%, and a return rate of 4.12%.
Meanwhile, RO 33 million was allocated for 91 days, priced at RO 98.866, with a discount rate of 4.55% and a return rate of 4.60%.
The CBO specified the interest rate on repurchase operations for these bills at 5.25%, while the discount rate on treasury bill facilities is set at 5.75%. Treasury bills serve as a short-term, secured investment tool issued by the Ministry of Finance, providing an investment outlet for licensed banks. These bills offer quick liquidity as they can be discounted or used in repo transactions with the Central Bank.
Additionally, treasury bills play a significant role in setting a benchmark for short-term interest rates in Oman’s financial market, and provide a flexible option for the government to meet financing needs efficiently. — ONA
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