The Central Bank of Oman (CBO) raised OMR14 million by way of allotting treasury bills on Tuesday, the bank said in a statement.

The statement said the value of the allotted treasury bills amounted to OMR10 million, for a maturity period of 28 days. The average accepted price reached OMR99.645 for every OMR100, and the minimum accepted price arrived at OMR99.645 per OMR100. The average discount rate and the average yield reached 4.62768 per cent and 4.64417 per cent, respectively.

It added that the value of the allotted treasury bills amounted to OMR4 million for a maturity period of 91 days. The average accepted price reached OMR98.755 for every OMR100, and the minimum accepted price arrived at OMR89.755 per OMR100. The average discount rate and the average yield reached 4.99368 per cent and 5.05664 per cent, respectively.

It may be noted that the interest rate on the Repo operations with CBO is 5.75 per cent while the discount rate on the Treasury Bills Discounting Facility with CBO is 6.25 per cent.

Source: Qatar News Agency