Oman Central Bank Issues Treasury Bills Worth OR 40 Million

The Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 40 million. The OCB explained, in a statement Monday, that the value of the bills allocated for a maturity period of 28 days amounted to OR 24 million, with an average acceptable price of OR 99.660, and the lowest acceptable price reached OR 99.660 per OR100, while the average discount rate reached 4.43214 percent, and the average return was 4.44726 percent. It added that the value of the bills allocated for a maturity period of 91 days amounted to OR 4 million, with an average acceptable price of OR 98.838, and the lowest acceptable price reached OR 98.835 per OR100, while the average discount rate reached 4.66277 percent, and the average return was 4.71762 percent. The value of the 182-day bills allocated for a maturity period of OR 12 million, with an average acceptable price of OR 97.638, and the lowest acceptable price reached OR 97.620 per OR100, while the average discoun t rate reached 4.73715 percent, and the average return was 4.85175 percent. The statement indicated that the interest rate on repurchase operations with the Oman Central Bank (repo) on these bills is 5.50 percent, while the discount rate with the Oman Central Bank on treasury bill facilities is 6.00 percent. Treasury bills are a short-term secured 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