Muscat, The Central Bank of Oman (CBO)

announced the new issue of Government development bonds. The size

of the new issue is fixed at RO 100 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 21 April 2019 while the auction will be held

on “Tuesday” 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.

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 RO One million and above may, if 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 the

Central Bank of Oman Official website.

The Bonds are direct and unconditional obligations of the

Government of Sultanate. 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

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

scheduled dates.

The 60th GDB issue offered to all investors, residents and

non-residents irrespective of their nationality.

Source: Oman News Agency