The Central Bank of Oman (CBO) has announced the new issue of government development bonds. The size of the new issue is fixed at RO100 million with a maturity period of five years and will carry a coupon rate of 3.25 per cent.
The issue will be open for subscription between November 17 and 29, 2012 while the auction will be held on December 3, 2012. The issue settlement date will be on December 5, 2012. Interest on the new bonds will be paid on June 5 and December 5 every year until maturity date on December 5, 2017.
Investors may apply for these bonds through the competitive bidding process only. Investors may submit bids through licensed banks operating in the Sultanate.
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