Oman to raise RO75mn via development bonds

Oman to raise RO75mn via development bonds

Muscat – Oman’s government plans to raise at least another RO75mn through this year’s second issuance of government development bonds. The Central Bank of Oman (CBO), on behalf of the Ministry of Finance, announced the 70th issue of the government development bonds. The size of the new development bonds issue stands at RO75mn with an […]Muscat – Oman’s government plans to raise at least another RO75mn through this year’s second issuance of government development bonds. The Central Bank of Oman (CBO), on behalf of the Ministry of Finance, announced the 70th issue of the government development bonds.

The size of the new development bonds issue stands at RO75mn with an option to exceed the announced amount (greenshoe option), with a maturity period of two years, as per the CBO’s statement.

The issue will be open for subscription from April 14 to April 21, 2024, while the auction will be held on April 23, 2024. The settlement date for the issue will be on April 25, 2024.

The bonds will carry an annual coupon rate of 4.85%. Interest on the new bonds will be paid semiannually on October 25 and April 25 every year until the maturity date on April 25, 2026.

Investors may apply