The Central Bank of Oman has announced the allocation of RO 55.4 million in government treasury bills for this week.
MUSCAT : The value of the bills allocated for a maturity period of 28 days amounted to RO 10 million, at an average acceptable price of RO 99.660. The lowest acceptable price reached RO 99.660 per 100 Omani riyals, while the average discount rate reached 4.43214 percent, and the average return reached 4.44726 percent.
In addition, the treasury bills allocated for a 91-day maturity period totalled RO 1 million, with an average acceptable price of RO 98.845 and a lowest acceptable price of RO 98.845 per 100 Omani riyals. The average discount rate was recorded at 4.63269 percent, with an average return of 4.68683 percent.
The value of treasury bills with a maturity of 182 days amounted to RO 29.4 million. These bills had an average acceptable price of RO 97.643 and a lowest acceptable price of RO 97.640 per 100 Omani riyals. The average discount rate for this category was 4.72615 percent, while the average return reached 4.84021 percent.
Lastly, the bills allocated for a 364-day maturity period totalled RO 15 million, with an average acceptable price of RO 95.390 and a lowest acceptable price of RO 95.390 per 100 Omani riyals. The average discount rate was 4.62266 percent, and the average return was 4.84607 percent.
The Central Bank of Oman stated that the interest rate on repurchase operations (repo) related to these bills is set at 5.50 percent, while the discount rate for treasury bill facilities with the Central Bank is 6.00 percent.
Treasury bills serve as short-term, secured financial instruments issued by the Ministry of Finance, providing investment opportunities for licensed commercial banks. The Central Bank acts as the issuance manager for these bills, which are characterized by rapid liquidity through discounting with the Central Bank and conducting repo transactions. This financial tool helps create a guiding indicator for short-term interest rates in the local market and enables the government to finance various expenses in a smooth and flexible manner.
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