Financial and Banking News
Oman Issues T-Bills
The Central Bank of Oman (CBO) is due to offer its first issue of treasury bills on 23 June. According to a CBO announcement, the new T-bills will be issued on a fortnightly basis, and may be purchased by banks, subject to a minimum RO50,000mn ($131,000) bid, and to any other corporate entity, subject to a minimum RO10,000 ($26,315) bid. According to the CBO, the new bills will not only provide the government with a source of...