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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