Muscat: The total issuance of Government Treasury Bills amounted to RO 43.1 million, showcasing a significant financial maneuver by the Ministry of Finance. The allocation of these Treasury bills included a maturity period of 28 days with a value of RO 18.1 million. According to Oman News Agency, the average accepted price for these 28-day bills was RO 99.685 for every RO 100, with a minimum accepted price of RO 99.680. The average discount rate and the average yield were noted at 4.11237% and 4.12539%, respectively. Moreover, Treasury bills with a maturity period of 91 days were allotted a value of RO 22 million. These bills saw an average accepted price of RO 98.865 for every RO 100, with a similar minimum accepted price. The average discount rate and yield for this period reached 4.55247% and 4.60474%, respectively. Additionally, RO 3 million worth of Treasury bills were issued for a maturity period of 182 days. The average accepted price for these bills was RO 97.720 per RO 100, with the discount rate and yield averaging 4.57253% and 4.67921%, respectively. The issuance of Treasury Bills, short-term highly secured financial instruments, is managed by the Central Bank of Oman, which provides liquidity through discounting and repurchase facilities (Repo). The Repo operations interest rate is 5.25%, while the discount rate on the Treasury Bills Discounting Facility is 5.75%. These Treasury Bills also aid in promoting the local money market by establishing a benchmark yield curve for short-term interest rates. They offer the government an avenue for financing recurrent expenditures when necessary.
Tender Results of Government Treasury Bills Worth RO 43.1 Million Announced.
Tender Results of Government Treasury Bills Worth RO 43.1 Million Announced.
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