Mubasher: The Central Bank of Oman (CBO) announced a new issue of government development bonds worth OMR 100 million.

The issue has a maturity period of 6 years and will carry a coupon rate of 5% per annum, according to the bank’s statement.

The new issue will be open for subscription from Sunday 18 September to Monday 26 September, while the auction will be held on 28 September.

The settlement date for the issue will be 3 October, the statement indicated, adding that the interest on the new bonds will be paid semiannually on 3 April and 3 October every year until the maturity date on 3 October, 2022.