The Central Bank of Oman on Tuesday, 24th December, 2019 announced the auction results of the 62nd Government Development Bonds (GDB) issue worth RO 200 million.

According to a media release issued by CBO, the 62nd GDB Issue which received overwhelming response from investors, has received applications in excess of over RO 70.982 million at RO 270.982 million, as against the Issue value of RO 200 million.

The average yield was 5.55 percent at an equivalent price of RO 101.520, while the highest yield was 5.65 percent at an equivalent price of RO 100.755 and the lowest was at 5.35 percent at an equivalent price of RO 103.070.

The 10-year Bond will be issued on 26th December 2019, and will mature on 26th December 2029, carrying a coupon rate of 5.75 % p.a.

The issue was open for subscription between 15th December 2019 and 23rd December 2019 for all investors irrespective of their nationalities. The auction was held on Tuesday, 24th December 2019, while the issue settlement date is Thursday 26th December 2019.

Source: Central Bank of Oman