Muscat, January 10 (QNA) – The Central Bank of Oman (CBO) announced today that the total value of the bills allocated for issuance No. 148 of government treasury bills amounted to 16 million Omani riyals, with a maturity period of 28 days, starting from tomorrow (Wednesday) until February 08.
The bank said in a statement that the average acceptable price reached 99.672 OMR, and the lowest acceptable price reached 99.665 OMR for every 100 OMR, while the average discount was 4.28142 percent, and the average return was 4.29553 percent.
According to the statement, the interest rate on Repo operations with CBO is 5.00 percent, while the discount rate on treasury bills facilities is 5.50 percent.
Treasury bills are a guaranteed short-term financial instrument issued by the Ministry of Finance in the Sultanate of Oman, to provide investment outlets for licensed commercial banks, with the Central Bank of Oman acting as issuance manager for these bills.
(QNA)