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البنــك المركــــزي العمـــاني Central Bank of Oman
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CBO Announces 56th GDB Issue2/24/2018 8:00:00 PMCBO Announces 56th GDB IssueThe Central Bank of Oman has announced the launch of the 56th Government Development Bonds issue worth RO 150 million with a maturity period of ten years. The current issue will carry an annual coupon rate of 6 percent.<p>The Central Bank of Oman has announced the launch of the 56th Government Development Bonds issue worth RO 150 million with a maturity period of ten years. The current issue will carry an annual coupon rate of 6 percent.</p><p>A media release from CBO’s Monetary Operations Department informed that the issue will be open for subscription between 07th March and 15th March, 2018, while the auction will be held on Sunday, 18th March 2018. The issue settlement date will be Wednesday, 21st March 2018. </p><p>Interest on the new bonds will be paid semiannually on 21st September and 21st March, every year until the maturity date on 21st March 2028.</p><p>The investors should apply for these bonds only through the competitive bidding process and should submit their bids through the licensed banks operating in the Sultanate. However, investors with applications of RO 1 Million and above can directly submit their bids to CBO after getting them endorsed by their respective banks, the CBO statement advised.</p><p>The issue is open to all investors, residents and non-residents (irrespective of their nationality).</p><p>The release further informed that the bonds which are direct and unconditional obligations of the Government of Oman can be used as a collateral security to obtain loans from any local licensed bank. They can also be traded at prevailing market rates through the Muscat Securities Market (MSM).</p><p>The details of the bonds allotted will be recorded in the register maintained by the Muscat Clearing & Depositary Company. Prospectus and application forms can be downloaded from CBO’s external website and can also be obtained from any licensed bank operating in the Sultanate.<br></p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB701001A1EADFFD0CD66409B1A45E335F4666A