RO 150 million GDB issue to open on December 6

MUSCAT: The Central Bank of Oman (CBO) announced the new issue No 55 of Government development bonds (GDB). The size of the new issue is fixed at RO 150 million with a maturity period of 7 years and will carry a coupon rate of 5.25 per cent per annum. The issue will be open for subscription from December 6 to 14 and the auction will be held on Sunday, December 17. The issue settlement date will be on Tuesday, December 19. Interest on the new bonds will be paid semiannually on June 19th and December 19th every year until maturity date of December 19, 2024.

Investors may apply for these bonds through the competitive bidding process only. Investors may submit bids through commercial licensed banks operating in the Sultanate. Investors with applications of RO 1 million and above can, if they so wish, submit their bids directly to the CBO after getting them endorsed from their banks. Prospectus and application forms can be obtained from any commercial licensed bank operating in the Sultanate or through the CBO official website. The Bonds arc direct and unconditional obligations of the Government of Sultanate of Oman. — ONA