Muscat: The total issuance of Government Treasury Bills amounted to RO 20 million, providing an opportunity for investment in highly secured financial instruments. The Treasury bills were issued in varying maturity periods, with a significant portion being allocated for different durations.

According to Oman News Agency, the value of the allotted Treasury bills for a 28-day maturity period was RO 0.7 million. The average accepted price for these bills reached RO 99.750 for every RO 100, reflecting an average discount rate of 3.25893% and an average yield of 3.26710%.

In addition, Treasury bills amounting to RO 16.3 million were allotted for a 91-day maturity period. The average accepted price for these bills was RO 99.030 per RO 100, with the average discount rate and yield being 3.89066% and 3.92877%, respectively.

Furthermore, Treasury bills with a value of RO 3 million were issued for a maturity period of 182 days. The average accepted price for these bills stood at RO 98.080 per RO 100, with an average discount rate of 3.85055% and an average yield of 3.92593%.

Treasury Bills, managed by the Central Bank of Oman (CBO), offer licensed commercial banks a secure investment option to manage their surplus funds. These instruments also enhance liquidity through facilities such as discounting and repurchase (Repo). The Repo operations' interest rate with the CBO is 4.25%, while the discount rate for the Treasury Bills Discounting Facility is set at 4.75%.

Offering more than just a secure investment, Treasury Bills help shape the local money market by establishing a benchmark yield curve for short-term interest rates. Moreover, the government can utilize these instruments for financing recurrent expenditures as needed.