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CBO issues new development bonds

CBO issues new development bonds

The Central Bank of Oman (CBO) has announced in a statement a new issue of Government Development Bonds (GDB) worth OMR 200 million with a maturity period of 10 years and a coupon rate of 4.5% per annum. 


The issue will be open for subscription from February 8 to 15, 2015, according to Oman News Agency. In addition, the auction will be held on Tuesday, February 17, 2015.  


The statement highlighted that the issue settlement date will be on February 23, 2015. Interest on the new bonds will be paid on August 23 and February 23 of each year until the maturity date on February 23, 2025. 


It is worth highlighting that the 46th GDB issue is offered to all investors of any nationality residing in Oman only. 


Photo Credit: Arabianeye-Reuters