Muscat, May 30 (QNA) – The Central Bank of Oman (CBO) today announced that the total issuance of government treasury bills has reached OMR 57 million.
The CBO said in a statement that the value of the allocated Treasury Bills amounts to OMR 10 million with a maturity of 28 days.
The average accepted price reached OMR 99.655 per OMR 100 and the minimum accepted price reached OMR 99.655 per OMR 100. The average discount rate and average yield reached 4.49732% and 4.51289%, respectively.
It added that the value of the allocated treasury bills amounted to OMR 47 million with a maturity of 91 days.
The average acceptance price reached OMR 98.765 per OMR 100 and the minimum acceptance price reached OMR 98.765 per OMR 100. The average discount rate and average yield reached 4.95357% and 5.01551%, respectively.
According to the statement, the interest rate for repo operations with CBO is 5.75%, and the discount rate for the Treasury bill discount system with CBO is 6.25%.
Treasury bills are short-term, highly secure financial instruments issued by the Treasury that provide an opportunity to invest surplus funds in licensed commercial banks.
The Central Bank of Oman acts as the issuing administrator.
(QNA)
