The total value of government treasury bills allocated for this week is 10 million Omani rials, with a maturity period of 91 days.
The statement issued by the Central Bank of Oman explained that the acceptable average price was 98.689 Omani rials, and the lowest acceptable price was 98.685 Omani rials per 100 Omani rials. The average discount rate was 5.26041%, and the average yield was 5.33032%.
Treasury bills are a guaranteed short-term financial instrument issued by the Ministry of Finance to provide investment opportunities for licensed commercial banks. The Central Bank of Oman acts as the issuing agent for these bills.
The statement also indicated that the interest rate on repurchase operations (repo) with the Central Bank of Oman for these bills is 6%, while the discount rate with the Central Bank for Treasury bills facilities is 6.50%.
Treasury bills can be quickly liquidated by discounting them with the Central Bank of Oman or through repurchase (repo) transactions with the Central Bank. Licensed commercial banks can also conduct repo operations among themselves in the interbank market. This instrument contributes to creating a benchmark for short-term interest rates in the local financial market, and the government can use it for smooth and flexible financing of some of its expenses.
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