The Central Bank of Oman (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OMR13.6 million ($35.33 million)
In a statement, the central bank explained that the value of the bills with a maturity period of 28 days reached OMR5 million. Their average acceptable price was OMR99.660 and the lowest acceptable price reached OMR99.660 per OMR100. Meanwhile, their average discount rate reached 4.43214 percent and the average return was 4.44726 percent.
Oman’s central bank added that the value of the bills with a maturity period of 91 days amounted to OMR4.6 million with an average acceptable price of OMR98.736. The lowest acceptable price reached OMR98.730 per OMR100. In addition, the bills’ average discount rate reached 5.07129 percent while the average return was 5.13623 percent.
As for bills with a maturity period of 182 days, their value amounted to OMR4 million. Meanwhile, their average acceptable price reached OMR97.455 and the lowest acceptable price reached OMR97.455 per OMR100. Besides, their average discount rate was 5.10398 percent and the average return was 5.23727 percent.
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The central bank statement added that the interest rate on the bills’ repurchase operations with the Oman Central Bank is 6 percent and the discount rate on treasury bill facilities is 6.50 percent.
Oman’s ministry of finance issues short-term financial instruments to provide investment outlets for licensed commercial banks. The Oman Central Bank acts as the issuance manager for these bills.
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