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CBO
Launches 78th, 79th Issues of Government Development Bonds via Auction
Muscat,
11 Nov (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
issues of Government Development Bonds.
The
new issues are as follows: Issue No. 78 isworthRO 75 million, with
green shoe option (not exceeding RO 25 million), a maturity period of7
yearsand a coupon rate of4.20% p.a.
Issue
No. 79isworthRO 15 million, with green shoe option (not
exceeding RO 5 million), a maturity period of10 yearsand a coupon
rate of4.35% p.a.
Both
issues will be opened for subscriptionfrom12to18
November, 2025while the auction will be held onWednesday, 19
November 2025.The issue date will be onSunday 23 November, 2025.Interest
on the 78th and 79th bond issues will be paid semiannually on23 May and
23 November, every year until maturity date on23r November 2032 & 23
November 2035, respectively.
Noteworthy,
the 78th and 79th Government Development Bonds issues are offered to all
investors, residents and non-residents (irrespective of their nationality).
Investors may apply for these Bonds throughthe competitive bidding
process onlyand may submit bids through commercial licensed banks
operating in the Sultanate of Oman during the subscription period.
Furthermore,
investors with applications ofRO one millionand 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 the 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 (MCD).
Therefore,
investors must provide the same bank account details registered with MCD in
order to ensure the smooth processing of their bids and the receipt of the
coupon payments and principal amount on their scheduled dates.
—Ends/AG