Oman Central Bank Issues Treasury Bills Worth More Than OR 32 Million

Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 32.05 million. The OCB explained, in a statement on Monday, that the value of the bills allocated for a maturity period of 28 days amounted to OR 5.05, with an average acceptable price of OR 99,640, and the lowest acceptable price reached 99,640 per OR 100, while the average discount rate was 4.69221 percent, and the average return was 4.70916 percent. It added that the value of the bills allocated for a maturity period of 91 days amounted to OR 25 million, with an average acceptable price of OR 98,728, and the lowest acceptable price reached 98,725 per OR 100, while the average discount rate was 5.10198 percent, and the average return was 5.16771 percent. The value of the bills allocated for a maturity period of 182 days amounted to OR 2 million, with an average acceptable price of OR 97,440, and the lowest acceptable price reached 97,440 per OR 100, while the average discount rat e was 5.13407 percent, and the average return was 5.26895 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