Saturday 17 November 2012

Oman plans to issue $260m govt bonds

Oman will issue five-year government development bonds worth 100 million rials ($260 million) at an annual interest rate of 3.25 per cent, a statement from the central bank of Oman said on Saturday.

The subscription of the bonds will start on November 18 and last until November 29. An auction will take place on December 3, the statement said.

Interest on the bonds will be paid on June 5 and December 5 every year until maturity is reached on December 5, 2017. The bonds will be traded in the Muscat Securities Market.

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