Muscat, June 01 (QNA) - Oman's central bank has announced the allocation of government treasury bills worth approximately OMR 61.4 million ($159.5 million) in its latest weekly issuance.
In a statement released on Monday, the Central Bank of Oman said the treasury bills have a maturity period of 91 days. The average accepted price stood at OMR 99.047 per OMR 100 face value, while the lowest accepted price was OMR 99.040 per OMR 100.
The bank said the average discount rate reached 3.8235%, with the average yield recorded at 3.8603%.
It added that the interest rate on repurchase operations (repo) against these treasury bills remains at 4.25%, while the discount rate on treasury bill financing facilities provided by the central bank stands at 4.75%.
Treasury bills are short-term government-backed financial instruments issued by Oman's Ministry of Finance to provide investment opportunities for licensed commercial banks. The Central Bank of Oman acts as the issuing and managing authority for these securities. (QNA)