Omani treasury bills bidding session

Oman's news agency said: A bidding session of the Omani treasury bills issue No. 370 was held at the premises of the Central Bank of Oman (CBO) during this week.

The total value of allocated bills was RO. 10 million with a return of 0.75% for 91 days. The treasury bills are a short-term financial instrument to which the government resorts when necessity arises to finance short-term operations.

The CBO issues these bills on behalf of the government for a period of a year or less. Commercial Banks are the main subscribers in those bills.