CBO announces auction results of 70th GDB issue

Muscat: The Central Bank of Oman (CBO) on Tuesday announced the auction results of the 70th Government Development Bonds (GDB) issue worth OMR125 million.

According to a media release issued by CBO’s Market Operations Department, the 70th GDB Issue, which received overwhelming response from investors, has received applications amounted OMR212,981,700.

The average yield was 5.03 percent at an equivalent price of OMR99.660 while the highest yield was 5.20 percent at an equivalent price of OMR99.345 and the lowest was at 4.50 percent at an equivalent price of OMR100.660.

The two-year Bond will be issued on Thursday, 25 April 2024 and it will mature on 25 April 2026, carrying a coupon rate of 4.85 percent per annum.