Monday 23 / June / 2025
Muscat: Oman’s central bank raised OMR30 million by way of allotting treasury bills on Tuesday.
The treasury bills are for a maturity period of 182 days, from January 30, 2019 until July 31, 2019.
The average accepted price reached 98.600 for every OMR100, and the minimum accepted price arrived at 98.600 per OMR100. Whereas the average discount rate and the average yield reached 2.80769 per cent and 2.84756 per cent, respectively.
The interest rate on the Repo operations with CBO is 3.002 per cent for the period January 29, 2019 to February 4, 2019, while the discount rate on the Treasury Bills Discounting Facility with CBO is 3.752 per cent, for the same period.
The treasury bills are short-term highly secured financial instruments issued by the CBO on behalf of the Government, which helps the licensed commercial banks to gainfully invest their surplus funds, with added advantage of ready liquidity through discounting and repurchase facilities (Repo) offered by the Central Bank.
Further, treasury bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Also, the Government (MOF) may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.
