Muscat, December 29 (QNA) - Central Bank of Oman (CBO) on Monday announced that the total value of treasury bills allocated for issuance this week amounted to OMR 95 million,  for a maturity period of 28 days.

CBO explained in a statement that the average accepted price reached OMR99.705 for every OMR100, and the minimum accepted price arrived at OMR99.705 per OMR100. The average discount rate and the average yield reached 3.84554 percent and 3.85691 percent, respectively.

The statement indicated that the interest rate on repurchase agreements (repos) with the CBO for these bills is 4.25 percent, while the discount rate with the CBO on treasury bill facilities is 4.75 percent.

Treasury bills are a short-term, guaranteed financial instrument issued by the Ministry of Finance in the Sultanate of Oman to provide investment opportunities for licensed commercial banks. (QNA)