The Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 31.15 million.
In a statement on Monday, the OCB said that the value of the bills allocated for a maturity period of 28 days recorded OR 15 million, with an average acceptable price of OR 99,650, and the lowest acceptable price reached 99,650 per OR 100, while the average discount rate reached 4.56250 percent, and the average the return is 4.57852 percent.
It added that the value of the bills allocated for a maturity period of 91 days amounted to OR 16.15 million, with an average acceptable price of OR 98,732, and the lowest acceptable price reached OR 98,730 per OR 100 riyals, while the average discount rate was 5.08402 percent, and the average return was 5.14929 percent.
The statement indicated that the interest rate on repurchase operations with the Oman Central Bank (repo) on these bills is 6 percent, while the discount rate with the Central Bank on treasury bill facilities
is 6.50 percent.
Treasury bills are a guaranteed short-term financial instrument issued by the Ministry of Finance to provide investment outlets for licensed commercial banks, with the Oman Central Bank (OCB) acting as the issuance manager for these bills.
Source: Qatar News Agency
