Muscat, May 27 (QNA) - Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 22.03 million.
In a statement on Monday, the OCB said that the maturity period of the bills is 91 days, with an average acceptable price of OR 98.732, and the lowest acceptable price reached OR 98.725 per OR 100, while the average discount rate was 5.08651 percent, and the average return was 5.15185 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 short-term financial instrument issued by the Ministry of Finance to provide investment outlets for licensed commercial banks, with the Oman Central Bank acting as the issuance manager for these bills. (QNA)