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CBO issues $565.3m certificates

Muscat, March 1, 2008

Central Bank of Oman (CBO) last week issued certificates of tender deposit worth RO217.8 million ($565.3m).

A bulletin issued by the CBO said the average accepted interest rate of these certificates was 0.82 per cent, while the maximum accepted interest rate was 0.94 per cent, reported Oman Tribune.

The tenor of these certificates is 28 days with maturity date on March 26. The repo on re-purchase operations for the period from February 27 to March 4 is 4.11 per cent, it added.




Tags: banking | certificates | deposit |

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