Muscat: The Oman Central Bank (OCB) has announced that the total value of government treasury bills allocated for this week amounted to OR 20.3 million.

According to Qatar News Agency, the OCB explained that the value of the bills allocated for a maturity period of 28 days amounted to OR five million, with an average acceptable price of OR 99.700, and the lowest acceptable price reached OR 99.700 per OR100. The average discount rate was 3.91071 percent, and the average return was 3.92248 percent.

The statement added that the value of the bills allocated for a maturity period of 91 days amounted to OR 15.3 million, with an average acceptable price of OR 98.936, and the lowest acceptable price reached OR 98.930 per OR100. The average discount rate reached 4.26790 percent, and the average return was 4.31381 percent.

The interest rate on repurchase operations with the Oman Central Bank (repo) on these bills is set at 5 percent, while the discount rate with the Oman Central Bank on treasury bill facilities stands at 5.50 percent. Treasury bills are a short-term secured financial instrument issued by the Ministry of Finance to provide investment outlets for licensed commercial banks, with the Oman Central Bank acting as the issuance manager for these bills.