Oman Central Bank Issues Over OMR 11.3 Million Worth of Treasury Bills

The Oman Central Bank (CBO) has announced that the total value of government treasury bills allocated for this week amounted to OMR 11.3 million.

The bank explained in a statement today that the allocation included OMR 0.3 million with maturity period of 28 days, with an average acceptable price of OMR 99.760, which was also the lowest accepted price per 100 Omani riyals.

 The average discount rate was 3.12857 percent, and the average return was 3.13610 percent.

It also included OMR 11 million in 91-day Treasury bills, with an average accepted price of OMR 99.059, and a minimum acceptable price of OMR 99.055. The average discount rate is 3.77398 percent, and the average yield was 3.80983 percent.

The statement indicated that the interest rate on repurchase operations with the Central Bank of Oman (CBO) on these bills is 4.50 percent, while the discount rate on the CBO Treasury Bill Facility is 5 percent.

Treasury bills are a short-term, secured financial instrument issued by the Ministry of Finance to provide investment opportunities for licensed commercial banks. The CBO acts as the issue manager for these bills.