| THE GOVERNMENT OF SULTANATE OF OMAN LAUNCHES THE 73rd ISSUE OF GOVERNMENT DEVELOPMENT BONDS BY THE AUCTION METHOD | | | 2/6/2025 1:30:00 PM | THE GOVERNMENT OF SULTANATE OF OMAN LAUNCHES THE 73rd ISSUE OF GOVERNMENT DEVELOPMENT BONDS BY THE AUCTION METHOD | On behalf of the Government of Sultanate of Oman, represented by the Ministry of Finance (MOF), the Central Bank of Oman (CBO) hereby announces the new issue of Government Development Bonds. | <p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3"><span>On behalf of the Government of Sultanate of Oman, represented by the Ministry of Finance (MOF), the Central Bank of Oman (CBO) hereby announces the new issue of Government Development Bonds.</span></span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">The size of the new issue is at <strong>OMR 100 million</strong>, with a maturity period of <strong>5 years</strong> and will carry a coupon rate of <strong>4.60% p.a</strong>. The issue will be open for subscription<strong> </strong>from<strong> 9</strong><strong><sup>th</sup></strong><strong> </strong><strong>February </strong>to<strong> 13</strong><strong><sup>th </sup></strong><strong>February, 2025</strong> while the auction will be held on <strong>Sunday, 16</strong><strong><sup>th</sup></strong><strong> </strong><strong>February </strong><strong>2025.</strong> The issue date will be on <strong>Tuesday 18</strong><strong><sup>th</sup></strong><strong> </strong><strong>February</strong><strong>, 2025.</strong> Interest on the new bonds will be paid semiannually on <strong>18</strong><strong><sup>th</sup></strong><strong> </strong><strong>February </strong><strong>and </strong><strong>18</strong><strong><sup>th</sup></strong><strong> </strong><strong>August</strong>, every year until maturity date on <strong>18</strong><strong><sup>th</sup></strong><strong> </strong><strong>February 2030</strong><strong>.</strong></span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">Noteworthy, the 73<sup>rd</sup> Government Development Bonds issue is offered to all investors, residents and non-residents (irrespective of their nationality). Investors may apply for these Bonds through <span style="text-decoration-line:underline;"><strong>the competitive bidding process only</strong></span> and may submit bids through <strong>commercial</strong> licensed banks operating in the Sultanate of Oman during the subscription period.</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">Furthermore, investors with applications of <strong>OMR One million</strong> and above may submit their bids directly to CBO, at their own discretion, after getting them endorsed from their banks.</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">Interested investors may obtain MCD Investor Code through visiting Muscat Clearing and Depository Co. (MCD)'s website (</span><a href="http://www.mcd.om/"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">www.mcd.om</span></a><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">) or via Oman Stocks application at least one day prior to submitting the application to the commercial bank.</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">Prospectus and application forms can be obtained through the CBO's website (</span><a href="http://www.cbo.gov.om/"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">www.cbo.gov.om</span></a><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">) and the MOF's website (</span><a href="http://www.mof.gov.om/"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">www.mof.gov.om</span></a><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">) or through their accounts on social media.</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">Notably, the Bonds are direct and unconditional obligations of the Government of Sultanate of Oman, represented by the MOF. The Bonds can be used as collateral to obtain loans from any local <strong>commercial</strong> licensed banks and can also be traded at prevailing market rates through the Muscat Stock Exchange (MSX). The details of the Bonds allotted will be recorded in the register maintained by Muscat Clearing & Depositary Company (MCD).</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">Therefore, 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.</span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">For further details, prospective investors may contact the Central Bank of Oman (Market Operations Department) at (24777145/832/429) or any of the <strong>commercial</strong> licensed banks in the Sultanate of Oman. </span></p> | 0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB70300A9BCF8A0432A87429120A5B0A0EDBFF9 | | |