The Central Bank of Oman issues treasury bills worth 45 million riyals for 3 maturities

The Central Bank of Oman issued government treasury bills for 3 different maturities with a total value of 45 million riyals ($116.54 million)، The Central Bank explained, in a statement on its official website, that the first issue, worth 7 million riyals, represents the total issue offered for a period of 28 days, starting from next Wednesday, until March 12, 2025.

The average acceptable price for the first issue of the bills was 99.701 riyals per 100 riyals, while the lowest acceptable price was 99.7 riyals per 100 riyals, and the average discount rate was 3.9014 percent, and the average return was 3.91311 percent.

The second issue was worth 22 million riyals, out of the total issue offered worth 37.98 million riyals for a period of 91 days, starting from next Wednesday, until May 14.

According to the Central Bank, the average acceptable price was 98.959 riyals per 100 riyals, and the lowest acceptable price was 98.955 riyals per 100 riyals, and the average discount rate was 4.17602 percent, and the average return was 4.21996 percent.

The third issue was worth 16 million riyals, out of the total issue offered worth 36.5 million riyals for a period of 182 days, starting from next Wednesday, until August 13.

According to the Central Bank, the average acceptable price was 97.835 riyals per 100 riyals, and it was the lowest acceptable price per 100 riyals, and the average discount rate was 4.3419 percent, and the average return was 4.43798 percent.

The statement indicated that the interest rate on repurchase operations with the Central Bank of Oman (repo) on these bills is 5 percent, while the discount rate with the Central Bank on treasury bill facilities is 5.5 percent for the same period.

Treasury bills are a short-term secured financial instrument issued by the Central Bank of Oman on behalf of the Government of the Sultanate to provide investment outlets for licensed commercial banks.

They are also one of the short-term government debt instruments, with maturities ranging from 3 months to a year, and are easy to dispose of without exposing the holder to losses, and are sold at a discount.