CBO Announces 76th Issue of Government Development Bonds via Auction

CBO
Announces 76th Issue of Government Development Bonds via Auction

Muscat,
12 Aug (ONA) — On behalf of the Government of Sultanate of Oman, represented
by the Ministry of Finance, the Central Bank of Oman (CBO) announced the new
issue of Government Development Bonds.

The
size of the new issue is at RO 75 million, with green shoe option (not
exceeding 15 Million), with a maturity period of 5 years and will carry a coupon rate of 4.35% p.a. The issue will be open for
subscription from 13 August to 19 August, 2025
while the auction will be held on Wednesday, 20 August 2025. The issue date
will be on Sunday 24 August, 2025. Interest on the new bonds will be paid
semiannually on 24 February and 24 August, every
year until maturity date on 24 August 2030.

Noteworthy,
the 76th 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 are direct and unconditional obligations of the Government of
Sultanate of Oman, represented by the Ministry of Finance. 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). The details of the Bonds allotted will be recorded in the register
maintained by Muscat Clearing & Depositary Company.

—Ends/AG