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FINANCIAL NEWS
Central Bank of Oman pumps OMR58.48mn treasury bills
21 Jun 2017
(MENAFN) Omani central bank raised OMR58.48mn by way of collecting treasury bills, which are for a maturity period of 28 days, June 21 until July 19, 2017.
Meanwhile, the average accepted price reached 99.931 for every OMR100 and the minimum accepted price arrived 99.925 per OMR100.
Moreover, the treasury bills are short-term highly secured financial instruments issued by the CBO on behalf of the Government, which supports the licensed commercial banks to invest their surplus fund.
In addition, treasury bills promote the regional market by making a benchmark yield curve for short-term interest rates.
MENAFN2106201700450000ID1095571070
MENAFN2106201700450000ID1095571070
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