The Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OMR45 million ($116.91 million).
In a statement, the central bank announced that the value of the bills with a maturity period of 28 days amounted to OMR5.9 million. The treasury bills have an average acceptable price of OMR99.656, and the lowest acceptable price reached OMR99.655 per OMR100. Meanwhile, the average discount rate reached 4.48627 percent, and the average return was 4.50177 percent.
The Oman Central Bank also issued treasury bills with a maturity period of 91 days worth OMR39.1 million. The average acceptable price for these bills was OMR98.838 while the lowest acceptable price reached OMR98.835 per OMR100. The statement added that the average discount rate reached 4.66198 percent, and the average return was 4.71680 percent.
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The statement added that the interest rate on repurchase operations with the central bank (repo) on these bills is 5.50 percent. Meanwhile, 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 central bank acting as the issuance manager for these bills.
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