Treasury bills worth RO 35m tendered

benefit through this collaboration significantly bringing positive impact to the community. We look forward to setting standards and be an example to all sectors by working together, ” said Dr Askar Kukkadi, Senior Consultant Paediatrician and Managing Director of Starcare Oman.

Marianna Kotze, Group Chief Nursing Officer for Oman said, “We are developing nurse training and assessment departments to enhance our in house skills as well as bring more Omanis into the profession. Working with SQU College of Nursing to share knowledge and resources to realise this vision, she said”. MUSCAT: A tender of Government Treasury Bills, issue number 479, was held at the Central Bank of Oman (CBO) this week.

The results of issue are as follows: The total value of the allotted Treasury bills amounted to RO 35 million, for a maturity period of 91 days, from today until December 26.

The average accepted price reached 99.471 for every RO 100, while the minimum accepted price arrived at 99.425 per RO 100.

Whereas the average discount rate and the average yield reached 2.12296 per cent and 2.13427 per cent, respectively.

The interest rate on the Repo operations with CBO is 2.718 per cent for the period from September 25 to October 1, while the discount rate on the Treasury Bills Discounting Facility with CBO is 3.468 per cent, for the same period.

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.

Furthermore, the Treasury Bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Additionally, the government (MOF) may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.

The agreements aim is to pool resources from both sides and develop better and more effective training, research and quality assurance systems

— ONA