Oman's Bank Muscat has announced plans to auction certificates of deposits (CDs) worth RO15 million ($38.96m) 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%, 4.5% and 5% respectively. The bank is hoping to raise RO250 million and has, so far, received RO167.4 million from the previous nine auctions since September 2008.
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