CBO to Launch 52nd Issue of Government Development Bonds

Muscat, Central Bank of Oman (CBO) announced the new issue of Government development bonds.

The size of the new issue is fixed at Omani Riyal (RO)150 Million with a maturity period of 7 years and will carry a coupon rate of 5% p.a. The issue will be open for subscription from 5th to 12th February, 2017 while the auction will be held on Tuesday, 14th February 2017. The issue settlement date will be on Monday 20th February, 2017.

Interest on the new bonds will be paid semiannually on 20th August and 20th February, every year until maturity date on 20th February 2024, according to Oman News Agency (ONA).

Investors may apply for these Bonds through the competitive bidding process only. Investors may submit bids through commercial licensed banks operating in Oman. Investors with applications of RO One Million and above can, if they so wish may submit their bids directly to CBO after getting them endorsed from their banks.

Prospectus and application forms can be obtained from any commercial licensed bank operating in the Sultanate. The Bonds are direct and unconditional obligations of the Government of Sultanate of Oman.

Source: Qatar News Agency