Omani treasury bills total 14.5 mln
The value of the government treasury bills allocated for this week in Sultanate of Oman has reached approximately 14.5 million Omani riyals. This includes instruments with a 91-day tenor worth 9 million riyals, at an acceptable rate of 99.04 riyals and a discount rate of 3.99%, and another with a 182-day tenor worth 5.5 million riyals, at an acceptable rate of 97.981 riyals and a discount rate of 4.28%. Data from the Central Bank of Oman indicate that the interest rate on repo operations for these bills is 4.5%. The issuance of these bills aims to provide short-term investment tools for banks and to enhance flexibility in financing government expenditures.
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