MUSCAT: The Ministry of Finance allocated government treasury bills worth RO 35 million this week, covering two maturity periods.
Bills worth RO 10 million were issued for a 28-day maturity at an average accepted price of RO 99.685 per RO 100, with a minimum accepted price matching this value. The average discount rate stood at 4.10625%, while the average yield reached 4.11923%.
For the 91-day maturity, bills worth RO 25 million were allocated at an average accepted price of RO 98.900 per RO 100, with the lowest accepted price also at RO 98.900.
The average discount rate was 4.41209%, and the average yield reached 4.46116%.
Treasury bills are short-term financial instruments issued by the Ministry of Finance, with the Central Bank of Oman (CBO) managing the issuance. They offer secure investment options for licensed commercial banks.
The repo interest rate with the CBO on these bills is set at 5.25%, while the discount rate for treasury bill facilities stands at 5.75%.
These bills provide high liquidity, allowing banks to trade them through repo transactions either with the CBO or among themselves in the inter-bank market.
They also serve as a benchmark for short-term interest rates in the local financial market and help the government manage its financial needs efficiently. — ONA
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