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BankMuscat to raise RO40m in CD auction
- Oman: Saturday, September 12 - 2009 at 09:33
Oman-based BankMuscat is launching its eighth round of Certificates of Deposit (CDs) auction on September 15 in aim to raise RO40m, Times of Oman has reported. The CDs will be issued on September 20 in three categories with maturity of 12, 36 and 60 months with coupon of 3.75%, 4.75% and 5.50% respectively. The subscription is eligible for Omani and non-Omani investors, individuals, corporate bodies and institutions established in Oman and otherwise.
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Medilyn Manibo, Assistant News EditorSaturday, September 12 - 2009 at 09:33 UAE local time (GMT+4)
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