MUSCAT: The Ministry of Finance of Oman has allotted Treasury bills worth RO 3.1 million for a maturity period of 28 days. The bills were accepted at an average price of RO 99.685 for every RO 100, with the minimum accepted price also reaching RO 99.685 per RO 100. The average discount rate for this issuance stood at 4.10625%, and the average yield was recorded at 4.11923%. This issuance reflects the government’s continued efforts to manage its financial obligations through short-term instruments that provide liquidity to the market.
For the 91-day maturity period, Treasury bills worth RO 30 million were issued, with the average accepted price reaching RO 98.922 for every RO 100. The minimum accepted price for this issuance was RO 98.920 per RO 100. The average discount rate for these bills was 4.32385%, while the average yield reached 4.37097%. This issuance aims to provide banks with opportunities to invest in short-term, low-risk financial instruments, ensuring the stability of the local money market.
The Ministry also issued Treasury bills worth RO 16 million with a 182-day maturity period. The average accepted price for these bills was RO 97.790 for every RO 100, with the minimum accepted price matching the average at RO 97.790 per RO 100. The average discount rate for this maturity period was 4.43214%, and the average yield was 4.53231%. The longer maturity period provides financial institutions with a more stable investment option, balancing risk and return.
Treasury bills are highly secured financial instruments issued by the Ministry of Finance, offering licensed commercial banks a chance to invest surplus funds. The Central Bank of Oman (CBO) manages the issuance process and offers additional liquidity through discounting and repurchase facilities (Repo). The CBO’s Repo operations carry an interest rate of 5.00%, while the discount rate for Treasury Bills Discounting is 5.50%. These operations not only support liquidity but also help develop a benchmark yield curve for short-term interest rates in Oman’s money market.
