Oman Central Bank Issues Treasury Bills Worth More Than OR 19 Million

Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 19.06 million. The OCB explained, in a statement Monday, that the maturity period of the bills is 91 days, with an average acceptable price of OR 98,726 and the lowest acceptable price reached 98,725 per OR 100, while the average discount rate was 5.10856 percent, and the average return was 5.17447 percent. The statement indicated that the interest rate on repurchase operations with the Oman Central Bank (repo) on these bills is 6.00 percent, while the discount rate with the OCB on treasury bill facilities is 6.50 percent. Treasury bills are a guaranteed short-term financial instrument issued by the Ministry of Finance to provide investment outlets for licensed commercial banks, with the Oman Central Bank (OCB) acting as the issuance manager for these bills. Source: Qatar News Agency