News Column

Central Bank of Oman issues tenders worth OMR696m

June 28, 2014

ONA



Muscat: Certificates of deposit tender was held at the Central Bank of Oman (CBO) this week. The total amount allotted for issue No. 873 was OMR696 million.



A bulletin issued by the CBO stated that the average interest rate of these certificates was 0.13 per cent while the maximum accepted interest rate was 0.13 per cent. The tenor of these certificates is 28 days, so their maturity date is on July 23. The Repo rate during June 25 till July 1 is one per cent, the CBO said.




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Source: Times of Oman


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