CBO to launch RO150mn govt bonds issue
The Central Bank of Oman (CBO) has announced the new issue (number 58) of the government development bonds (GDB). The size of the new bonds issue is fixed at RO150mn with a maturity period of seven years.
The issue will be open for subscription from September 11 to September 20, while the auction will be held on September 23. The issue settlement date will be September 25.
The bonds will carry a coupon rate of 5.75 per cent per annum. Interest on the new bonds will be paid semiannually on March 25 and September 25 every year until maturity date on September 25, 2025.
Investors may apply for these bonds through the competitive bidding process only. Investors may submit bids through licensed commercial banks operating in the sultanate.
Prospectus and application forms can be obtained from any licensed commercial bank operating in Oman or through CBO’s official website.
The GDBs are direct and unconditional obligations of the government of the sultanate and can be used as collateral to obtain loans from any local licensed commercial bank. The bonds can also be traded at prevailing market rates through the Muscat Securities Market (MSM).
The 58th GDB issue is offered to all investors, residents and non-residents (irrespective of their nationality).