Doha: Central Bank of Oman (CBO) on Monday announced that the total value of treasury bills allocated for issuance this week amounted to OMR 95 million, for a maturity period of 28 days.
According to Qatar News Agency, CBO explained in a statement that the average accepted price reached OMR 99.705 for every OMR 100, and the minimum accepted price arrived at OMR 99.705 per OMR 100. The average discount rate and the average yield reached 3.84554 percent and 3.85691 percent, respectively.
The statement indicated that the interest rate on repurchase agreements (repos) with the CBO for these bills is 4.25 percent, while the discount rate with the CBO on treasury bill facilities is 4.75 percent.
Treasury bills are a short-term, guaranteed financial instrument issued by the Ministry of Finance in the Sultanate of Oman to provide investment opportunities for licensed commercial banks.