CBO announces auction results of 67th GDB issue

Muscat: The Central Bank of Oman (CBO) announced the auction results of the 67th Government Development Bonds (GDB) issue worth OMR300 million.

According to a media release issued by CBO’s Monetary Operations Department, the 67th GDB Issue, which received an overwhelming response from investors, has received applications in excess of over OMR61.841 million at OMR361.841 million, as against the issue value of OMR300 million.

The average yield was 5.15 per cent at an equivalent price of OMR102.035, while the highest yield was 5.34 per cent at an equivalent price of OMR100.925 and the lowest was at 4.88 per cent at an equivalent price of OMR103.640.

The 7 years bond will be issued on Thursday, April 22 2021 and it will mature on April 22, 2028, carrying a coupon rate of 5.50 per cent p.a. The issue was open for subscription from April 4 to 19, 2021.