Central bank to issue RO 150 million 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 RO 150 million with a maturity period of 10 years and will carry a coupon rate of 6 per cent per annum. The issue will be open for subscription from March 7 to 15, while the auction will be held on March 18. The issue settlement date will be on March 21. Interest on the new bonds will be paid semi-annually on September 21 and March 21 every year until maturity date on March 21, 2028.