CBO issues RO 31.15 million worth of treasury bills
Published: 03:07 PM,Jul 15,2024 | EDITED : 07:07 PM,Jul 15,2024
MUSCAT: The Central Bank of Oman (CBO) has announced that the total value of government treasury bills allocated for this week amounts to RO 31.15 million.
In a statement, the bank detailed that bills worth RO 15 million were allocated for a maturity period of 28 days. These bills were issued at an average acceptable price of RO 99.650, with the lowest acceptable price also at RO 99.650 per 100 Omani riyals. The average discount rate for these bills is 4.56250 per cent, yielding an average return of 4.57852 per cent.
For the 91-day maturity period, bills valued at RO 16.15 million were allocated. These were issued at an average acceptable price of RO 98.732 , with the lowest acceptable price being RO 98.730 per RO 100 . The average discount rate for these bills stands at 5.08402 per cent, providing an average return of 5.14929 per cent.
The statement also highlighted the interest rates associated with these treasury bills. The repurchase (repo) operations with the Central Bank of Oman are set at 6 per cent, while the discount rate on treasury bill facilities is 6.50 per cent.
Treasury bills, issued by the Ministry of Finance and managed by the Central Bank of Oman, serve as a guaranteed short-term financial instrument. They offer investment opportunities to licensed commercial banks and are characterized by their rapid liquidation feature, which allows for discounting with the Central Bank or conducting repo transactions. Licensed commercial banks can also engage in interbank repo operations using these treasury bills. — ONA
In a statement, the bank detailed that bills worth RO 15 million were allocated for a maturity period of 28 days. These bills were issued at an average acceptable price of RO 99.650, with the lowest acceptable price also at RO 99.650 per 100 Omani riyals. The average discount rate for these bills is 4.56250 per cent, yielding an average return of 4.57852 per cent.
For the 91-day maturity period, bills valued at RO 16.15 million were allocated. These were issued at an average acceptable price of RO 98.732 , with the lowest acceptable price being RO 98.730 per RO 100 . The average discount rate for these bills stands at 5.08402 per cent, providing an average return of 5.14929 per cent.
The statement also highlighted the interest rates associated with these treasury bills. The repurchase (repo) operations with the Central Bank of Oman are set at 6 per cent, while the discount rate on treasury bill facilities is 6.50 per cent.
Treasury bills, issued by the Ministry of Finance and managed by the Central Bank of Oman, serve as a guaranteed short-term financial instrument. They offer investment opportunities to licensed commercial banks and are characterized by their rapid liquidation feature, which allows for discounting with the Central Bank or conducting repo transactions. Licensed commercial banks can also engage in interbank repo operations using these treasury bills. — ONA