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INTRODUCTION TO TREASURY BILLS

Treasury Bills:


The Treasury Bills are Short-Term financial instruments of the Government of the Sultanate of Oman, to finance their day-to-day recurrent expenditures. Therefore, as fiscal agent, Central Bank of Oman (CBO) has been officially appointed by the Government to assume the role of Issue Manager, Paying Agent, and Receiving Agent, on all issues of Treasury Bills on their behalf.

The Treasury Bills are highly secured instruments that help banks to gainfully invest their surplus funds, with the added advantages of ready liquidity through discounting and repurchase facilities (REPO) offered by Central Bank.

In general, Treasury Bills can be issued for a maturity period not exceeding one year. At present, Treasury Bills can be issued with a maturity period of 91-days, 182-days and 364-days.

Method of Issuance of Treasury Bills


Treasury Bills are issued by competitive auction process and following discounting method. The basis for calculation of interest for Treasury Bills shall be an actual number of days/365 day's basis including inception date but excluding maturity date.

Treasury Bills are open mainly for local banks and non-banks institutions where settlement must be made through local banks. As a general guideline, the minimum bid amount will be R.O. 50,000/- for banks and R.O. 10,000/- for non-banks, but all bids shall be made routed through local banks.

The monetary Operations Domain will disseminate a Tender Notice sufficiently in advance thorough any media deemed necessary and appropriate indicating the relevant details and giving adequate time for the bidders to place/lodge their bids in the Tender Box placed in the CBO reception between 8.00am to 11.00am every sundays.


History of Treasury Bills Results


For more information regarding the treasury bills investment instrument, please contact us at:
mod@cbo.gov.om