MUSCAT: The Central Bank of Oman (CBO) announced that the total value of government treasury bills allocated this week exceeded RO 26.25 million.
According to a statement by the CBO, treasury bills with a 28-day maturity were valued at RO 5 million, priced at an average of RO 99.700 per RO 100, with a discount rate of 3.91071% and an average return of 3.92248%.
Bills with a 91-day maturity totaled RO 13 million, priced at an average of RO 98.942, with a discount rate of 4.24548% and an average return of 4.29090%.
For 182-day bills, the allocation reached RO 8.25 million, priced at an average of RO 97.826, with a discount rate of 4.36043% and an average return of 4.45737%.
The CBO also noted that the interest rate for repurchase (repo) operations with the central bank on these bills is 5.00%, while the discount rate for treasury bill facilities stands at 5.50%.
Treasury bills, issued by the Ministry of Finance and managed by the CBO, are a short-term, secure financial instrument designed to provide investment opportunities for licensed commercial banks. These bills offer high liquidity, allowing banks to discount them or conduct repo transactions with the CBO or among themselves in the interbank market.
In addition to serving as a tool for short-term government financing, treasury bills also provide a benchmark for local financial market interest rates. — ONA
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