Oman Central Bank has announced that the total value of government treasury bills allocated for this week amounted to OR 85.5 million .

The bank explained, in a statement today, that the value of the bills allocated for a maturity period of 28 days amounted to OR 6.5 million , with an average acceptable price of OR 99.647 , and the lowest acceptable price reached 99.645 per OR100 , while the average discount rate was 4.59760 percent, and the average return was 4.61387 percent.

It added that the value of the bills allocated for a maturity period of 91 days amounted to OR17 million , with an average acceptable price of OR 98,745 , and the lowest acceptable price reached 98,740 per OR100 , while the average discount rate was 5.03497 percent, and the average return was 5.09898 percent.

The value of the bills allocated for a maturity period of 182 days amounted to OR 42 million , with an average acceptable price of OR 97,450 , and the lowest acceptable price reached 97,445 per OR100, while the average discount
rate was 5.11449 percent, and the average return was 5.24833 percent.

On the other hand, the value of the bills allocated for a maturity period of 364 days amounted to OR 20 million , with an average acceptable price of OR 95,160, and the lowest acceptable price reached 95,160 per OR100 , while the average discount rate was 4.85330 percent, and the average return was 5.10014 percent.

The statement noted that the interest rate on repurchase operations with the Oman Central Bank (repo) on these bills is 6.00 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 acting as the issuance manager for these bills.

Source: Qatar News Agency