Skip Ribbon Commands
Skip to main content
البنــك المركــــزي العمـــاني Central Bank of Oman
Home
  • Welcome Guest

 

 

CBO Announces 57th GDB Issue6/2/2018 8:00:00 PMCBO Announces 57th GDB IssueThe Central Bank of Oman has announced a new Government Development Bonds (GDB) issue worth OMR 100 million with a maturity period of five years.<p style="text-align:justify;">The Central Bank of Oman has announced a new Government Development Bonds (GDB) issue worth OMR 100 million with a maturity period of five years. The current issue (57th) will carry a coupon rate of 4.75 per cent per annum.</p><p style="text-align:justify;">The Issue will be open for subscription between 10th June 2018 and 25th June 2018 for all investors irrespective of their nationalities. The auction will be held on Tuesday, 26th June 2018, while the issue settlement date will be Thursday 28th June 2018.</p><p style="text-align:justify;">A media release from CBO’s Monetary Operations Department (MOD) said that interest on the new bonds will be paid semiannually on 28th December and 28th June every year until the maturity date which is 28th June 2023.</p><p style="text-align:justify;">To apply for these bonds, the investors are required to submit their bids through the licensed banks operating in the Sultanate, only through the competitive bidding process. </p><p style="text-align:justify;">However, investors with applications of OMR1 million and above can choose to submit their bids directly to CBO after getting them endorsed from their respective banks. </p><p style="text-align:justify;">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 style="text-align:justify;">For further details, CBO’s (Monetary Operations Department) can be contacted at (24777425/426/428/429/635/837) or any of the commercial licensed banks in the Sultanate.</p><p style="text-align:justify;"><a href="https://cbo.gov.om/Pages/GDB57.aspx" style="text-decoration:underline;"><span class="ms-rteForeColor-9" style="text-decoration:underline;">For more details of the 57th GDB</span></a><br></p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB701001A1EADFFD0CD66409B1A45E335F4666A