By Elias Al Helou
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Home Sector Markets Central Bank of Oman raises $181.84 million through T-bill allotment

Central Bank of Oman raises $181.84 million through T-bill allotment

The T-bills with a maturity period of 28 days have been allotted a value of $12.98 million
Central Bank of Oman raises $181.84 million through T-bill allotment
T-bills serve as secure short-term investments for banks. (Photo Credit: Central Bank of Oman)

Published: Tue 19 Mar 2024, 1:42 PM

The Central Bank of Oman (CBO) raised OMR70 million ($181.84 million) through the allotment of government treasury bills (T-bills).

Read more: Central Bank of Oman raises OMR29.45 million through T-bills allotment

According to the Oman News Agency (ONA), the Treasury Bills with a maturity period of 28 days have been allotted a value of OMR5 million ($12.98 million). The average accepted price for every OMR100 is OMR99.615, with the minimum accepted price set at OMR99.615 per OMR100. The average discount rate stands at 5.01875 percent, and the average yield is 5.03815 percent.

Furthermore, the Treasury Bills with a maturity period of 91 days have been allotted a value of OMR28.6 million. The average accepted price for every OMR100 is oMR98.734, with the minimum accepted price set at OMR98.705 per OMR100. The average discount rate for these bills is 5.07643 percent, and the average yield is 5.14151 percent.

The T-bills with a maturity period of 182 days have been allotted a value of OMR36.4 million. The average accepted price for every OMR100 is OMR97.446, with the minimum accepted price set at OMR97.430 per OMR100. The average discount rate for these bills is 5.12217 percent, and the average yield is 5.25643 percent.

T-bills are secure financial instruments issued by the Ministry of Finance for a short-term period. They offer licensed commercial banks the opportunity to invest their surplus funds. The CBO serves as the Issue Manager, providing the added advantage of easy liquidity through discounting and repurchase facilities (Repo).

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