Muscat: The value of the allotted Treasury bills amounted to RO 10 million, for a maturity period of 28 days. The average accepted price reached RO 99.635 for every RO 100, and the minimum accepted price arrived at RO 99.635 per RO 100. The average discount rate and the average yield reached 4.75804 percent and 4.77547 percent, respectively.

Whereas, the value of the allotted Treasury bills amounted to RO 22 million, for a maturity period of 91 days. The average accepted price reached RO 98.775 for every RO 100, and the minimum accepted price arrived at RO 98.765 per RO 100. The average discount rate and the average yield reached 4.91255 percent and 4.97347 percent, respectively.

While, the value of the allotted Treasury bills amounted to RO 7.5 million, for a maturity period of 182 days. The average accepted price reached RO 97.547 for every RO 100, and the minimum accepted price arrived at RO 97.545 per RO 100. The average discount rate and the average yield reached 4.91881 percent and 5.04249 percent, respectively.

On the other hand, the value of the allotted Treasury bills amounted to RO 0.5 million, for a maturity period of 364 days. The average accepted price reached RO 95.340 for every RO 100, and the minimum accepted price arrived at RO 95.340 per RO 100. The average discount rate and the average yield reached 4.67280 percent and 4.90120 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 (CBO) 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 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.