Oman Central Bank Issues Treasury Bills Worth OR 30 Million

Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 30 million. The bank explained in a statement Monday, that the value of the bills allocated for a maturity period of 28 days recorded OR300 thousand, with an average acceptable price of OR99.650, and the lowest acceptable price reached OR99.650 per 100 riyals, while the average discount rate reached 4.56250 percent, and the average reached 4.57852 percent. It added that the value of the bills allocated for a maturity period of 91 days amounted to OR29,700,000 with an average acceptable price of OR98.780, and the lowest acceptable price reached 98.770 per 100 riyals, while the average discount rate reached 4.89199 percent, and the average return was 4.95239 percent. The statement noted that the interest rate on repurchase operations with the Central Bank of Oman (repo) on these bills is 6.00 percent, while the discount rate with the OCB on treasury bill facilities is 6.50 percent. T reasury bills are a secured short-term financial instrument issued by the Ministry of Finance to provide investment outlets for licensed commercial banks, with the OCB acting as the issuance manager for these bills. Source: Qatar News Agency