Muscat: The Ministry of Finance has announced the launch of the 69th edition of government development bonds worth RO100 million (with an option to increase) with a maturity period of 3 years, with a basic interest rate of 4.9% annually.
Oman Development Bonds On behalf of the Government of Sultanate of Oman. represented by the Ministry of Finance. the Central Bank of Oman announced an issue of Development Bonds to be sold by auction.
The bonds were issued on Thursday (February 15) carrying a coupon rate of 4% per annum for a maturity period of 3 years (maturing on 27/02,2027).
These bonds will auctioned on Sunday. 251024024 and investors may apply through competitive bidding only
An Interest of 4 percent per annum is payable every 6 months throughout the tenure of the Bonds from the date of issue.
The interest will be paid on August 27 and 27 February. every year till the maturity of the Bond.
The Bonds Can be listed and traded before maturity In MSX at the prevailing market price.
Resident and Non-resident investors such as Banks, Financial Institutions. Companies, individuals, and any other entity of any nationality.
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