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FINANCIAL NEWS
Oman issues capital bills at USD 212.25mn
22 Jun 2016
(MENAFN) A group of Gov’t Treasury Bills was held at the Central Bank of Oman which amounted to USD 212.25mn.
Additionally, the average accepted price touched 99.962 for every USD 258.85mn, while the minimum accepted price reached 99.955 per USD 258.85mn.
The bills help the licensed commercial banks to invest their surplus funds, with added advantage of ready liquidity via discounting and repurchase facilities.
Moreover, treasury bills promote the regional money market by making a benchmark yield curve for short-term interest rates.
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