Oman gov’t bonds receive OMR 173m subscriptions

Mubasher: The Central Bank of Oman (CBO) said Wednesday that the issue of government development bonds (GDB) received bids reached OMR 172.83 million.

The total value of the  49th issue amounts to OMR 100 million, according by Oman News Agency citing figures by CBO.

The average yield equivalent per cent to the accepted price was 5.25% at a price of OMR 98.55, while the highest yield equivalent was at 5.54% for OMR 96.9 and the lowest was at 4.98% for OMR 100.12.

The seven-year bond will be issued on 25 April and will mature 25 April, 2023, with an interest rate of 5% per year.

Mubasher Contribution Time: 20-Apr-2016 11:28 (GMT)
Mubasher Last Update Time: 20-Apr-2016 11:28 (GMT)