CBO launches 74th issue of Government Development Bonds via auction

Muscat: The Central Bank of Oman (CBO) announced the new issue of Government Development Bonds.

The size of the new issue is at RO 100 million, with a maturity period of 5 years and will carry a coupon rate of 4.60% p.a. The issue will be open for subscription from 22 April to 28 April, 2025 while the auction will be held on Tuesday, 29 April 2025. The issue date will be on Thursday 1 May, 2025. Interest on the new bonds will be paid semiannually on 1 May and 1 November, every year until maturity date on 1 May 2030.

Noteworthy, the 74th Government Development Bonds issue is offered to all investors, residents and non-residents (irrespective of their nationality). Investors may apply for these Bonds through the competitive bidding process only and may submit bids through commercial licensed banks operating in the Sultanate of Oman during the subscription period.