Muscat, December 27 (QNA) – Central Bank of Oman announced Tuesday that the total value of the bills allocated for issuance No. 168 of government treasury bills amounted to 26 million Omani riyals (OMR), maturing for a period of 182 days, starting from tomorrow (Wednesday) until June 28.
The bank stated that the average acceptable price amounted to OMR 97,589, and the lowest acceptable price reached OMR 97,550 per OMR 100, while the average discount was 4.83517 percent, and the average return was 4.95464 percent.
The statement indicated that the interest rate on repurchase operations with the Central Bank of Oman (repo) on these bills is 5.00 percent, while the discount rate with the Central Bank on treasury bills facilities is 5.50 percent.
Treasury bills are a guaranteed financial instrument for a short term, issued by the Ministry of Finance in the Sultanate of Oman, to provide investment outlets for licensed commercial banks, as the Central Bank of Oman plays the role of issuance manager for these bills.
(QNA)