FINANCIAL NEWS

Oman issues OMR70mn from treasury bills

02 Aug 2017

(MENAFN) Oman’s central bank raised OMR70mn by collecting treasury bills, while they were for a maturity period of 91 days, from August 2 until Nov 1 this year.

Furthermore, the average accepted price hit 99.710 every OMR100 while the minimum accepted price reached 99.705 per OMR100.

Additionally, the interest rate on the Repo operations with CBO is 1.732 percent for the period from August 1 and August 7.

The Treasury Bills are short-term highly secured fiscal instruments issued by the bank on behalf of the Government, which supports the licensed commercial banks to invest their surplus funds.

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MENAFN0208201700450000ID1095681429

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