Mubasher: The Central Bank of Oman (CBO) is set to launch the 63rd issue of government development bonds (GDB) on Sunday through auction, the Oman News Agency (ONA) reported on Saturday.
The new issue is fixed at OMR 150 million with a maturity period of 7 years and will carry a coupon rate of 5.25% annually.
The issue will be open for subscription from 9 to 17 February 2020 while the auction will be held on 18 February.
The issue is projected to be settled on 20 February 2020. Interest on the new bonds will be paid semiannually on 20 August and 20 February every year until maturity date on 20 February 2027.
“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 OMR 1 million and above may if they so wish to submit their bids directly to CBO after getting them endorsed from their banks,” ONA said.
The 63rd GDB issue is offered to all investors, residents and non-residents, irrespective of their nationality.
