Oman Launches 75th Government Development Bonds via Auction

Oman
Launches 75th Government Development Bonds via Auction

Muscat,
13 Jul (ONA) — The Sultanate of Oman announces the new issue of Government
Development Bonds.

The
Central Bank of Oman (CBO) pointed out that the size of the new issue stands at
RO 60 million, with green shoe option (not exceeding 30 Million), with a
maturity period of 3 years and will carry a coupon rate of 4.30% p.a. The issue
will be open for subscription from 15 July to 21 July, 2025 while the auction
will be held on Tuesday, 22 July 2025. The issue date will be on Thursday 24 July,
2025. Interest on the new bonds will be paid semiannually on 24 January and 24 July, every year until maturity date on 24 July 2028.

Noteworthy,
the 75th 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.

Furthermore,
investors with applications of RO one million and above may submit their bids
directly to CBO, at their own discretion, after getting them endorsed from
their banks.

Notably,
the Bonds can be used as collateral to obtain loans from any local commercial
licensed banks and can also be traded at prevailing market rates through the
Muscat Stock Exchange (MSX).

–Ends/AG