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البنــك المركــــزي العمـــاني Central Bank of Oman
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CBO Announces 58th GDB Issue9/1/2018 8:00:00 PMCBO Announces 58th GDB IssueThe Central Bank of Oman has announced the 58th Government Development Bonds (GDB) issue worth OMR 150 million with a maturity period of seven years. <p style="text-align:justify;">The Central Bank of Oman has announced the 58th Government Development Bonds (GDB) issue worth OMR 150 million with a maturity period of seven years. The issue will carry a coupon rate of 5.75 per cent per annum.</p><p style="text-align:justify;">The Issue will be open for subscription between 11<sup>th</sup> September 2018 and 20<sup>th</sup> September 2018 for all investors irrespective of their nationalities. The auction will be held on Sunday, 23<sup>rd</sup> September 2018, while the issue settlement date will be Tuesday 25<sup>th</sup> September 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 25<sup>th</sup> March and 25<sup>th</sup> September every year until the maturity date which is 25<sup>th</sup> September 2025.</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;">It may be noted that the bonds are direct and unconditional obligations of the Government of Oman and they 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, prospective investors can contact CBO (Monetary Operations Department) 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="/Pages/GDB58.aspx" target="_blank"> 58th GDB Issue</a></p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB701001A1EADFFD0CD66409B1A45E335F4666A