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
The 60th GDB issue offered to all investors, residents and
non-residents irrespective of their nationality.
Source: Oman News Agency