CBO issues new Government Development Bonds

Muscat: The Central Bank of Oman (CBO) announced the new issue of Government Development Bonds (GDB).
The size of the new issue is fixed at OMR150 million with a maturity period of 7 years and will carry a coupon rate of 5.25 per cent p.a.
The issue will be open for subscription from February 9 to 17, 2020 while the auction will be held on Tuesday, February 18, 2020. The issue settlement date will be on Thursday, February 20, 2020. Interest on the new bonds will be paid semiannually on August 20 and February 20, every year until maturity date on February 20, 2027.
Investors may apply for these bonds through the competitive bidding process only. Investors may submit bids through commercial licensed banks operating in the Sultanate. Investors with applications of OMR1 million and above may if they so wish to submit their bids directly to the CBO after getting them endorsed from their banks.
Prospectus and application forms can be obtained from any commercial licensed bank operating in the Sultanate, or through Central Bank of Oman Official website (www.cbo.gov.om).