Oman issues capital bills at USD 212.25mn
Date
6/22/2016 3:51:45 AM
(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.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.