Muscat – The CBO explained in a statement that the value of the bills allocated for a maturity period of 28 days recorded an amount of RO 3 million, with an average acceptable price of RO 99.625; the lowest acceptable price reached 99.625 per RO 100, while the average discount rate reached 4.88839 percent.
The value of the allotted treasury bills amounted to RO 14.3 million for a maturity period of 91 days; the average accepted price reached RO 98.739 for every RO 100, and the minimum accepted price arrived at RO 98.725 per RO 100; and the average discount rate and the average yield reached 5.05932 percent and 5.12395 percent, respectively.

The value of the allotted treasury bills amounted to RO 5 million, for a maturity period of 182 days; average accepted price reached RO 97.440 for every RO 100, and the minimum accepted price arrived at RO 97.440 per RO 100; and average discount rate and the average yield reached 5.13407 percent and 5.26895 percent, respectively.

On the other hand, the value of the allotted treasury bills amounted to RO 40.7 million, for a maturity period of 364 days; average accepted price reached RO 95.175 for every RO 100, and the minimum accepted price arrived at RO 95.150 per RO 100. The average discount rate and the average yield reached 4.83782 percent and 5.08307 percent, respectively.

Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman acts as the Issue Manager and provides the added advantage of ready liquidity through discounting and repurchase facilities (Repo).

It may be noted that the interest rate on the Repo operations with CBO is 6.00 percent while the discount rate on the Treasury Bills Discounting Facility with CBO is 6.50 percent.

Furthermore, Treasury Bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Additionally, the Government may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.