MUSCAT: The Sultanate of Oman has launched the 82nd issue of Government Development Bonds, offering RO 75 million for public subscription, with an option to raise a further RO 25 million.
The seven-year bonds carry a fixed annual coupon of 4.25 per cent and will mature on April 2, 2033. Interest will be paid semi-annually on April 2 and October 2.
The subscription period will run from March 24 to March 30, with the auction scheduled for March 31. Settlement is set for April 2, 2026.
Open to all investor categories, both within and outside Oman, the bonds will be issued through a competitive bidding process via licensed commercial banks. Non-bank investors may submit bids starting from RO 1 million, subject to bank endorsement.
Issued by the government and represented by the Ministry of Finance, the bonds carry a direct and unconditional sovereign guarantee.
They are also eligible for use as collateral with local banks and can be traded on the Muscat Stock Exchange at prevailing market prices. — ONA
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