Mubasher: The Central Bank of Oman (CBO) has issued an OMR 100 million ($259.44 million) in an auction, the Oman News Agency (ONA) stated on Saturday.

The seven-year bonds will carry a coupon rate of 5.75%, the news agency added.

The 60^th issue of the Omani Government Development Bonds (GDB) will be open for subscription from 11 to 21 April 2019, while the auction will be held on 23 April 2019.

“The issue settlement date will be on Sunday, 28 April 2019. Interest on the new bonds will be paid semi-annually on 28 October and 28 April every year until maturity date on 28 April 2026,” ONA reported.