GDB issue evokes good response

MUSCAT: The Central Bank of Oman (CBO) announced the results of the 51st issue of Government Development Bonds (GDB) as follow: The total value applied for competitive bids amounted to RO 267.98 million while the total value allotted for the bonds amounted to RO 150 million. The average yield equivalent per cent to the accepted price was 5.57 per cent at price of RO 99 and 470 baisas while the highest yield equivalent was at 5.68 per cent for RO 98 and 640 baisas and the lowest was at 5 per cent for RO 103 and 900 baisas. The 10-year bond will be issued on December 27, 2016 and will mature on December 27, 2026, carrying a coupon rate of 5.5 per cent per annum. — ONA