Oman Central Bank Issues Treasury Bills Worth OR 45 Million

The Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 45 million. The OCB said, in a statement Monday, that the value of the bills allocated for a maturity period of 28 days amounted to OR 5.9, with an average acceptable price of OR 99.656, and the lowest acceptable price reached OR 99.655 per 100, while the average discount rate reached 4.48627 percent, and the average return was 4.50177 percent. It added that the value of the bills allocated for a maturity period of 91 days amounted to OR 39.1, with an average acceptable price of OR 98.838, and the lowest acceptable price reached 98.835 per OR 100, while the average discount rate reached 4.66198 percent, and the average return was 4.71680 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 guaranteed 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