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Muscat: The Central Bank of Oman (CBO) announced that the total value of government treasury bills distributed this week is OMR 31.15 million.
The bank detailed in a statement that it has allocated notes worth 15 million riyals with a maturity of 28 days. The average acceptable price for these notes is 99.650 riyals and the lowest acceptable price is also 99.650 riyals per 100 Omani riyals. The average discount rate for these notes is 4.56250% and the average return is 4.57852%.
For the 91-day notes, notes worth SAR 16.15 million were allocated. The average acceptable price for these notes was SAR 98.732 and the lowest acceptable price was SAR 98.730 per SAR 100. The average discount rate for these notes was 5.08402% and the average return was 5.14929%.
The statement also highlighted the interest rates on these treasury bills. The repo operation with the Central Bank of Oman was set at 6%, while the discount rate on the treasury bills was 6.50%.
Treasury bills are issued by the Ministry of Finance and managed by the Central Bank of Oman and are secured, short-term financial instruments. They provide investment opportunities for licensed commercial banks and have the characteristics of rapid clearing, allowing discount or repurchase transactions with the Central Bank. Licensed commercial banks can also use these Treasury bills for interbank repo operations. — ONA
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