Times of Oman | News :: Central Bank of Oman set to raise OMR100m via development bond

Times of Oman | News :: Central Bank of Oman set to raise OMR100m via development bond:

"

The Central Bank of Oman (CBO) yesterday announced issue of Government Development Bonds (GDB).

The size of the new issue is fixed at OMR100 million with a maturity period of four years and will carry a coupon rate of 2.75 per cent per annum, according to a press release from Central Bank of Oman.

The issue will be open for subscription between August 25 and September 2, 2013 while the auction will be held on September 3.  The issue settlement date will be on September 5, 2013.  Interest on the new bonds will be paid on March 5 and September 5, every year until maturity date on September 5, 2017. "

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