Oman's Bank Muscat said on Saturday it would auction certificates of deposits (CDs) worth RO15 million  ($38.96 million) on February 24.

The CDs will be issued on February 28 with maturities of 12, 36 and 60 months at interest rates of 3.5 per cent, 4.5 per cent and 5 per cent respectively, it said.

Oman's biggest bank wants to raise RO250 million and has, so far, received RO167.4 million from the previous nine auctions since September 2008. – Reuters