Muscat, Results of the 58th issue of the

Government Development Bonds (GDB) are as follows: the total

applied for (Competitive bids only) stood at RO 232,820,800 whereas

the total allotted stood at RO 150 million, according to the bulletin

released by the Central Bank of Oman (CBO).

The CBO bulletin added that the accepted average yield stood at

4.49% as its price stood at RO 101.495 whereas the maximum yield

stood at 5.67% as its price equivalent to RO 100.455. The minimum

yield stood at 5.15% as its price equivalent to RO 103.490.

The 7-year Bond will be issued on 25 September 2018, and will mature

on 25 September 2025, carrying a coupon rate of 5.75% p.a.

Source: Oman News Agency