Oman Central Bank Issues Treasury Bills Worth OR 20 Million

Muscat, Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 20 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 300,000 with an average acceptable price of OR 99.645, and the lowest acceptable price reached 99.645 per OR 100, while the average discount rate was 4.62768 percent, and the average return was 4.64417 percent. It added that the value of the bills allocated for a maturity period of 91 days amounted to OR 14.7 million, with an average acceptable price of OR 98,732, and the lowest acceptable price reached 98,725 per OR 100, while the average discount rate was 5.08741 percent, and the average return was 5.15277 percent. The value of the bills allocated for a maturity period of 182 days amounted to OR 5 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 ra te 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 financial instrument for a short-term period that aims to provide investment outlets for licensed commercial banks, with the OCB acting as the issuance manager for these bills. Source: Qatar News Agency