Muscat: The total issuance of Government Treasury Bills amounted to RO 20 million. The value of the allotted Treasury bills reached RO 15 million, for a maturity period of 28 days. The average accepted price was RO 99.706 for every RO 100, and the minimum accepted price was RO 99.700 per RO 100. The average discount rate and the average yield were recorded at 3.83685% and 3.84817%, respectively.

According to Oman News Agency, an additional RO 5 million was allotted in Treasury bills for a maturity period of 91 days. The average accepted price for these bills was RO 99.036 for every RO 100, with the minimum accepted price being RO 99.030 per RO 100. The average discount rate and the average yield for these bills were 3.86659% and 3.90423%, respectively.

Treasury Bills, which are short-term highly secured financial instruments issued by the Ministry of Finance, offer licensed commercial banks an investment opportunity for their surplus funds. The Central Bank of Oman (CBO) serves as the Issue Manager, providing ready liquidity through discounting and repurchase facilities (Repo).

The interest rate on Repo operations with CBO stands at 4.25%, while the discount rate on the Treasury Bills Discounting Facility with CBO is 4.75%. These Treasury Bills help promote the local money market by establishing a benchmark yield curve for short-term interest rates, and the Government may utilize this instrument as needed for financing recurrent expenditures.