MUSCAT : Among these allocations, bills maturing in 28 days amounted to SAR 14.73 million, reflecting an average acceptable price of 99.590 OMR and an enticing average return of 5.34407 per cent.
Simultaneously, bills with a maturity period of 91 days captured OMR 21.4 million, with an average acceptable price of OMR 98.660 and an average yield of 5.44,734 per cent, underscoring the allure of short-term secured financial instruments for investors.
These treasury bills, issued by Oman’s Ministry of Finance and managed by the Central Bank of Oman, serve as vital investment avenues for licensed commercial banks. The ministry’s repo operations with the Central Bank at a 6 per cent interest rate and a 6.50 per cent discount rate for treasury bill facilities further enhance their attractiveness among banks.
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Renowned for their swift liquidation potential and utility in repo transactions, these bills not only foster interbank operations but also contribute to establishing a robust short-term interest rate index in the local financial landscape.
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