63 million Omani riyals, the total value of government treasury bills allocated this week
Muscat, 9 April / WAM / The Central Bank of Oman announced that the total value of government treasury bills allocated for this week amounted to 63 million Omani riyals.
The bank explained, in a statement reported by the Oman News Agency, that the value of the bills allocated for a maturity period of 28 days recorded an amount of 3 million Omani riyals, with an average acceptable price of 99.625, and the lowest acceptable price reached 99.625 for every 100 Omani riyals, while the average discount price was 99.625. 4.88839 percent, and the average return is 4.90679 percent.
He added that the value of the bills allocated for a maturity period of 91 days amounted to 14.3 million Omani riyals, with an average acceptable price of 98.739 Omani riyals, and the lowest acceptable price reached 98.725 per 100 Omani riyals, while the average discount rate was 5.05932 percent, and the average return was 5.12395 percent.
He pointed out that the value of the bills allocated for a maturity period of 182 days amounted to 5 million Omani riyals, with an average acceptable price of 97,440 Omani riyals, and the lowest acceptable price reached 97,440 per 100 Omani riyals, while the average discount rate was 5.13407 percent, and the average return was 5.26895 percent. .
He stated that the value of the bills allocated for a maturity period of 364 days amounted to 40.7 million Omani riyals, with an average acceptable price of 95.175 Omani riyals, and the lowest acceptable price reached 95.150 per 100 Omani riyals, while the average discount rate was 4.83782 percent, and the average return was 5.08307 percent.
The statement indicated that the interest rate on repurchase operations with the Central Bank of Oman (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 Central Bank of Oman acting as the issuance manager for these bills.
Treasury bills have a rapid liquidation feature by discounting them with the Central Bank of Oman, and by conducting repurchase (repo) deals with the central bank as well. Licensed commercial banks can also conduct repo operations among themselves on treasury bills in the interbank market, in addition to This tool contributes to creating a guideline for short-term interest rates for the local financial market, and the government can resort to it to finance some of the expenditures in a smooth and flexible manner.
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