Oman Central Bank Issues Treasury Bills Worth OR 20 Million

Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 20 million. In a statement on Monday, The OCB said that the value of the bills allocated for a maturity period of 28 days amounted to OR 4 million, 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 4.69286 percent, and the average return was 4.70981 percent. It added that the value of the bills allocated for a maturity period of 91 days amounted to OR 16 million, with an average acceptable price of OR 98,730, with the lowest acceptable price reaching 98,730, per OR 100, while the average discount rate was 5.09396 percent, and the average return was 5.15948 percent. The statement indicated that the interest rate on repurchase agreement (repo) with OCB for these securities is 6 percent, while the discount rate with OCB on Treasury bills facilities is 6.50 percent. Treasury bills are secured f inancial instruments for short-term periods aimed at providing investment outlets for licensed commercial banks. Additionally, OCB acts as the issuer manager for these bills. Source: Qatar News Agency