Muscat: According to the CBO statement, the breakdown of the allocations is as follows:
28-day maturity bills: RO 4 million at an average return of 3.85691%
91-day maturity bills: RO 3 million at an average return of 4.17431%
182-day maturity bills: RO 36 million at an average return of 4.42256%
364-day maturity bills: RO 3 million at an average return of 4.26887%
The interest rate on repurchase (repo) operations with the CBO for these bills stands at 5.00%, while the discount rate on treasury bill facilities is 5.50%.
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Treasury bills serve as a secure short-term financial instrument, issued by the Ministry of Finance and managed by the CBO, offering rapid liquidity options through repurchase agreements. Additionally, these instruments help guide short-term interest rates in the local financial market while providing the government with a flexible financing tool for expenditures.
