MUSCAT: The Central Bank of Oman (CBO) has allocated RO 46 million in government treasury bills this week, offering short-term investment instruments to commercial banks. The 28-day bills were allocated RO 4 million, with an average price of RO 99.705 per RO 100, reflecting an average discount rate of 3.84554% and an average yield of 3.85691%. Meanwhile, the 91-day bills received an allocation of RO 3 million, priced at RO 98.970 per RO 100, with a discount rate of 4.13132% and a yield of 4.17431%.
The largest share was assigned to the 182-day bills, which amounted to RO 36 million, with an average price of RO 97.842 per RO 100. The average discount rate stood at 4.32713%, while the yield reached 4.42256%. Additionally, the 364-day bills received RO 3 million in allocations, priced at RO 95.917 per RO 100, with an average discount rate of 4.09455% and a yield of 4.26887%.
According to the CBO, the repurchase (repo) rate for these treasury bills has been set at 5.00%, while the discount rate for treasury bill facilities stands at 5.50%. Issued by the Ministry of Finance and managed by the CBO, treasury bills serve as a secure short-term investment option for licensed commercial banks. These financial instruments offer high liquidity, as they can be discounted with the CBO or used in inter-bank repo transactions. Additionally, they play a critical role in setting short-term interest rate benchmarks for Oman's financial market while providing the government with a flexible tool for short-term funding. — ONA
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