Muscat:The Central Bank of Oman (CBO) has announced the allocation of government treasury bills amounting to OMR 19.7 million for this week's issue.
According to Qatar News Agency, the CBO detailed that OMR 16 million of the total was allotted for a 91-day maturity period. The average accepted price for these bills was OMR 98.979, with a minimum accepted price of OMR 98.975 per OMR 100. The average discount rate was recorded at 4.09497 percent, while the average yield was 4.13721 percent.
Additionally, OMR 3.7 million was allotted for a 182-day maturity period. The average accepted price for this batch was OMR 98.016, with a minimum accepted price of OMR 97.925 per OMR 100. The average discount rate stood at 3.97847 percent, and the average yield was 4.05905 percent.
The statement from the Central Bank also mentioned that the interest rate on repurchase agreements (Repo) for these bills is 4.50 percent, while the discount rate for treasury bill facilities stands at 5.00 percent.
Treasury bills, issued by the Ministry of Finance, serve as short-term, secured financial instruments providing investment opportunities for licensed commercial banks, with the Central Bank of Oman acting as the issue manager.