The total issuance of Government Treasury Bills (T-bills) in Oman amounted to OMR39 million ($101.4 million). The value of the allotted Treasury bills was OMR4 million, with a maturity period of 28 days. The average accepted price reached OMR99.705 for every OMR100, and the minimum accepted price was also OMR99.705 per OMR100. The average discount rate and the average yield stood at 3.84554 percent and 3.85691 percent, respectively.
In addition, the value of the allotted Treasury bills was OMR3 million, with a maturity period of 91 days. The average accepted price for this issuance reached OMR98.930 for every OMR100, while the minimum accepted price was OMR98.930 per OMR100. The average discount rate and the average yield for this period reached 4.29176 percent and 4.33818 percent, respectively.
Furthermore, the value of the allotted Treasury bills was OMR32 million, with a maturity period of 182 days. The average accepted price for this set reached OMR97.847 for every OMR100, and the minimum accepted price was OMR97.845 per OMR100. The average discount rate and the average yield for these bills were 4.31714 percent and 4.41212 percent, respectively.
Read more: Oman Central Bank issues Treasury bills worth over $80.93 million
Interest rates on Repo operations
Treasury Bills are short-term, highly secured financial instruments issued by the Ministry of Finance, providing licensed commercial banks with opportunities to invest their surplus funds. The Central Bank of Oman (CBO) functions as the Issue Manager, offering the added advantage of ready liquidity through discounting and repurchase facilities (Repo).
The interest rate on Repo operations with the CBO is 5.00 percent, while the discount rate for the Treasury Bills Discounting Facility with the CBO is 5.50 percent.
Moreover, Treasury Bills contribute to the local money market by establishing a benchmark yield curve for short-term interest rates. Additionally, the Government may utilize this instrument whenever necessary to finance its recurrent expenditures.
