With this listing, the number of treasury bills
and Ijarah sukuk on BHB will go up to 29 with a total value of BD1.77 billion.
Nandi Hills MP Alfred Keter and two others were yesterday charged with conspiracy to defraud the Central Bank of Kenya of Sh633 million in Treasury Bills
Global Banking News-October 18, 2017--Oman central bank raises capital through treasury bills
The bill, which promises "This Treasury Bill
entitles [the payee] to payment of one million pounds out of the Debt Management Account on 6 October 2003 on surrender of this Treasury Bill
to the Bank of England," was given to a printer by the Treasury in recognition of his work for the Government.
18 March 2010 - Portugal's debt management agency IGCP has mandated Deutsche Bank (ETR:DBK), Goldman Sachs (NYSE:GS), HSBC (NYSE:HBC) and Morgan Stanley (NYSE:MS) to handle the sale of its USD1bn (EUR731.3m) Treasury bill
line, planned for today.
While not as low-risk as three-month Treasury bills
, the risk is manageable and the return advantage significant.
This trend in treasury bill
rates has had its affect on the real estate market, with investors shifting from long-term fixed rate debt to short-term floating rate debt.
Banks that attract foreign investment in treasury bills
will receive a return ranging between 1.5% and 4.75% in exchange for guaranteeing a fixed dollar exchange rate for foreign investors when the bills mature.
Banks bought treasury bills
of 4.4 billon denars at an interest rate of 5 percent at an auction of the National Bank Wednesday.
The treasury bills
are short-term highly secured financial instruments issued by the CBO on behalf of the Government, which helps the licensed commercial banks to gainfully invest their surplus funds, with added advantage of ready liquidity through discounting and repurchase facilities (Repo) offered by the Central Bank.
The interest rate on the repo operations with the CBO is 2.814 per cent for the period from July 16 to July 22, while the discount rate on the treasury bills
discounting facility with the CBO is 3.564 per cent for the same period.
Previously, Ministry of Finance announced financial treatments on treasury bills
and bonds, Finance Minister Mohamed Ma'it revealed that the reason behind the financial treatments of T-bills' taxes, saying that it's one of the rights of the treasury, noting the share of the treasury from the taxes wasn't collected before.