MUSCAT: The Central Bank of Oman, on behalf of the Government of the Sultanate of Oman represented by the Ministry of Finance, has announced a new issuance of Government Development Bonds worth RO 75 million, with an option for increase, for a maturity period of two years and an annual coupon interest rate of 4.85 per cent.
The subscription window will open on April 14, 2024, and close on April 21, 2024. The auction will be held on Tuesday, April 23, 2024.
The bonds will be issued on Thursday, April 25, 2024 (settlement date), and will mature on April 25, 2026. The due interest on the new bonds will be paid twice annually on October 25 and April 25 until the maturity date of April 25, 2026. Subscription to this issuance of bonds is open to all categories of investors within and outside the Sultanate of Oman (regardless of nationality), and the bonds will be issued through a competitive subscription process only. Investors are required to submit their bids through commercial banks operating in the Sultanate of Oman during the subscription period.
The Central Bank of Oman accepts applications from non-banking institutions and individuals with a value of RO 1 million or more, provided they are endorsed by the commercial banks they deal with. — ONA
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