Oman has raised 10 million Omani rials ($26 million) through the issuance of government Treasury bills, the Oman News Agency reported. The issuance included 4 million rials in 91-day bills with an average yield of 3.85 percent and an average accepted price of 99.050 rials per 100 rials.
Details of the Issuance
The sultanate also issued 6 million rials in 182-day Treasury bills at an average accepted price of 98.073 rials per 100 rials, corresponding to an average yield of 3.94 percent. The average discount rate for the 91-day bills stood at 3.81 percent.
Role of Treasury Bills
Treasury bills are short-term, low-risk financial instruments issued by the Ministry of Finance, allowing licensed commercial banks to invest excess liquidity. The Central Bank of Oman (CBO) manages the issuances and supports liquidity through discounting and repurchase facilities.
The interest rate on repo operations with CBO is 4.25 percent, while the discount rate on the Treasury bills discounting facility with CBO is 4.75 percent, according to ONA.
Fiscal and Investment Profile
The latest issuance comes as Oman continues to strengthen its fiscal and investment profile amid improving liquidity conditions and stronger sovereign returns. Earlier this year, Oman Investment Authority reported profits of $7.8 billion for 2025, driven by gains in public markets and restructuring across state-owned companies. The sovereign wealth fund generated a 14.6 percent return on investment during the year, ranking third globally among sovereign wealth funds and first in public market returns, citing SWF Global data.
Market Development
Treasury bills also play a key role in developing Oman's domestic money market by establishing a benchmark yield curve for short-term interest rates. The government may additionally use the instruments to finance recurring expenditures when required.
Credit Rating
In March, S&P Global Ratings affirmed Oman's 'BBB-' long-term foreign and local currency sovereign ratings with a stable outlook, citing the country's improving fiscal position despite geopolitical risks in the Middle East.
