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30/09/2025 03:26 AST
Oman's central bank raised OMR2.25 million by way of allotting treasury bills on Monday.
The value of the allotted treasury bills amounted to OMR0.25 million, for a maturity period of 28 days. The average accepted price reached OMR99.750 for every OMR100, and the minimum accepted price arrived at OMR99.750 per OMR100. The average discount rate and the average yield reached 3.25893% and 3.26710%, respectively.
Additionally, treasury bills amounting to OMR2 million for a maturity period of 91 days was also issued. The average accepted price reached OMR99.050 for every OMR100, and the minimum accepted price arrived at OMR99.050 per OMR100. The average discount rate and the average yield reached 3.81044% and 3.84699%, 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 4.75% while the discount rate on the treasury bills Discounting Facility with CBO is 5.25%.
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.
Times of Oman
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