Muscat, December 13 (QNA) – The Central Bank of Oman (CBO) announced the total Treasury Bills allotted for issue number 572 from the Government, worth 10.9 million Omani Riyals (OMR), for a maturity period of 91 days, starting tomorrow, Wednesday, with maturity due date on 15 March.
The bank reported in a statement that the average acceptable rate was 98.951 OMR, and the lowest acceptable rate was 98.890 per 100 OMR, the average discount rate was 4.20841 percent, and the average return was 4.25311 percent.
The interest rate on repo operations with the Central Bank of Oman (REPO) on these Bills is 4.50 percent, while the discount rate on the Central Bank’s Treasury Bills Discounting Facility is 5 percent.
Treasury bills are a short-term highly secured financial instrument issued by the CBO on behalf of the Government of the Sultanate of Oman and manage the issue of these Treasury Bills to provide investment channels to the licensed commercial banks. (QNA)