MUSCAT : Breakdown of treasury bill allocations
28-day treasury bills: RO 5.4 million
Average acceptable price: RO 708.99 per RO 100
Lowest acceptable price: RO 705.99
Average discount rate: 8.02%
Average return: 8.13%
91-day treasury bills: RO 32.2 million
Average acceptable price: RO 974.98 per RO 100
Lowest acceptable price: RO 970.98
Average discount rate: 11.44%
Average return: 15.70%
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Treasury bills are issued by the Ministry of Finance and managed by the CBO, serving as a secured investment outlet for banks. They also function as a key tool for short-term liquidity management, with banks able to discount them with the CBO or conduct repurchase (repo) transactions.
The repo interest rate on these bills is set at 5%, while the discount rate for treasury bill facilities with the CBO stands at 50.5%. Additionally, commercial banks can engage in interbank repo transactions using treasury bills, helping establish a benchmark for short-term interest rates in the financial market.
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