Muscat, The Central Bank of Oman (CBO)
announces the new issue (58) of Government development bonds
(GDB). The size of the new issue is fixed at RO 150 million with a
maturity period of 7 years and will carry a coupon rate of 5.75% p.a.
The issue will be open for subscription from 11 to 20 September 2018
while the auction will be held on Sunday, 23 September 2018.
The issue settlement date will be on Tuesday, 25 September
2018. Interest on the new bonds will be paid semiannually on 25 March
and 25 September every year until maturity date on 25 September
Investors may apply for these Bonds through the competitive
bidding process only. Investors may submit bids through commercial
licensed banks operating in the Sultanate of Oman. Investors with
applications of RO One million and above may, lf they so wish submit
their bids directly to CBO after getting them endorsed from their banks.
Prospectus and application forms can be obtained from any
commercial licensed bank operating in the Sultanate; or through
Central Bank of Oman Official website.
The Bonds are direct and unconditional obligations of the
Government of Sultanate of Oman. The Bonds can be used as
collateral to obtain loans from any local commercial licensed bank.
The Bonds can also be traded at prevailing market rates
through the Muscat Securities Market (MSM).
The details of the Bonds allotted will be recorded in the register
maintained by Muscat Clearing and Depositary Company (MCD).
Investors must provide the same bank account details registered with
MCD in order to ensure the smooth processing of their bids and the
receipt of the coupon payments and principal amount on their
The 58th GDB issue is offered to all investors, residents and
non-residents (irrespective of their nationality).
Source: Oman News Agency