The Central Bank of Oman (CBO) has revealed that the total value of government treasury bills issued this week stands at OMR30 million ($77.93 million).
In a statement, the bank detailed that the value of the bills with a maturity period of 28 days amounted to OMR300,000, with an average acceptable price of OMR99.650. The lowest acceptable price reached OMR99.650 per OMR100, while the average discount rate was recorded at 4.56250 percent, with an average return of 4.57852 percent.
Read more: Oman Central Bank issues T-bills worth over $80.93 million
Additionally, the bills allocated for a maturity period of 91 days totaled OMR29,700,000, featuring an average acceptable price of OMR98.780, and the lowest acceptable price was OMR98.770 per OMR100. The average discount rate for this period was 4.89199 percent, with an average return of 4.95239 percent.
The statement also highlighted that the interest rate on repurchase agreements (repo) with the Central Bank of Oman for these bills is set at 6.00 percent, while the discount rate for treasury bill facilities with the CBO is 6.50 percent.
Treasury bills serve as secure short-term financial instruments issued by the Ministry of Finance, offering investment opportunities for licensed commercial banks, with the CBO overseeing the issuance process.
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