CBO ALLOCATES RO 52.8 million IN treasury bills
Published: 03:01 PM,Jan 27,2025 | EDITED : 07:01 PM,Jan 27,2025
Treasury bills serve as a short-term investment tool managed by CBO.
MUSCAT: The Central Bank of Oman (CBO) announced the allocation of government treasury bills worth RO 52.8 million this week. According to a statement by CBO, treasury bills were issued across four maturity periods:
28 Days: RO 2 million at an average price of RO 99.700, with an average discount rate of 3.91071 per cent and an average return of 3.92248 per cent.
91 Days: RO 10 million at an average price of RO 98.945, with an average discount rate of 4.23159 per cent and an average return of 4.27671 per cent.
182 Days: RO 40 million at an average price of RO 97.830, with an average discount rate of 4.35192 per cent and an average return of 4.44846 per cent.
364 Days: RO 800,000 at an average price of RO 95.850, with an average discount rate of 4.16140 per cent and an average return of 4.34158 per cent.
The interest rate on repurchase (repo) operations for these bills is set at 5 per cent, while the discount rate on treasury bill facilities stands at 5.5 per cent. Treasury bills, issued by the Ministry of Finance, serve as a short-term investment tool managed by CBO. They provide commercial banks with secure investment options and rapid liquidity through repurchase transactions. These bills also help establish a benchmark for short-term interest rates in the local financial market and offer the government a flexible mechanism to finance its expenditures.
Treasury bills can be traded among banks in the interbank market or discounted at the Central Bank, enhancing their liquidity. — ONA
28 Days: RO 2 million at an average price of RO 99.700, with an average discount rate of 3.91071 per cent and an average return of 3.92248 per cent.
91 Days: RO 10 million at an average price of RO 98.945, with an average discount rate of 4.23159 per cent and an average return of 4.27671 per cent.
182 Days: RO 40 million at an average price of RO 97.830, with an average discount rate of 4.35192 per cent and an average return of 4.44846 per cent.
364 Days: RO 800,000 at an average price of RO 95.850, with an average discount rate of 4.16140 per cent and an average return of 4.34158 per cent.
The interest rate on repurchase (repo) operations for these bills is set at 5 per cent, while the discount rate on treasury bill facilities stands at 5.5 per cent. Treasury bills, issued by the Ministry of Finance, serve as a short-term investment tool managed by CBO. They provide commercial banks with secure investment options and rapid liquidity through repurchase transactions. These bills also help establish a benchmark for short-term interest rates in the local financial market and offer the government a flexible mechanism to finance its expenditures.
Treasury bills can be traded among banks in the interbank market or discounted at the Central Bank, enhancing their liquidity. — ONA