Muscat, January 02 (QNA) – Central Bank of Oman (CBO) said Tuesday that this week’s total issuance of government treasury bills amounted OMR 9 million.
The value of the allotted treasury bills for a maturity period of 28 days with average accepted price of OMR 99.590, and minimum accepted price of OMR 99.590 per OMR 100, a statement read.
The average discount rate and the average yield reached 5.34464 percent and 5.36665 percent, respectively.
The interest rate on the Repo operations with CBO is 6.00 percent while the discount rate on the Treasury Bills Discounting Facility with CBO is 6.50 percent.
Short-term highly secured financial instruments issued by the Ministry of Finance, the treasury bills provide licensed commercial banks the opportunity to invest their surplus funds. (QNA)