CBO issues development gov’t bonds

Mubasher: The Central Bank of Oman (CBO) issued government development bonds (GDBs) worth OMR 100 million, according to Oman News Agency.

The seven-year bond carried a coupon rate of 4% per annum.

The issue will be opened for subscription from 3 to 14 April, while the auction will be held on 19 April.

The issue settlement date will be on 25 April, while the interest on the new bonds will be paid twice each year until the maturity date on 25 April 2023.

Mubasher Contribution Time: 22-Mar-2016 09:33 (GMT)