Treasury bills Worth RO 45 million allocated

MUSCAT: The Central Bank of Oman (CBO) announced that RO 45 million worth of government treasury bills were allocated this week.

Of this, RO 20.35 million was for a 28-day maturity period, priced at an average of RO 99.695 per RO 100. The average discount rate was 3.97541 per cent, and the return averaged 3.98757 per cent. Meanwhile, RO 24.65 million was allocated for a 91-day maturity period, with an average price of RO 98.932. The discount rate averaged 4.28224 per cent and the return was 4.32845 per cent.

The CBO set the repo interest rate at 5 per cent and the discount rate at 5.5 per cent for these bills. Treasury bills, issued by the Ministry of Finance, serve as short-term, secure investments for commercial banks, with CBO acting as the issuance manager.

These bills offer liquidity through discounting or repurchase (repo) transactions with the CBO. They also help guide short-term interest rates in the local financial market and provide smooth financing options for government expenses. — ONA