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CBO to raise RO100mn via govt development bonds

Business Sunday 25/February/2024 19:21 PM
By: ONA
CBO to raise RO100mn via govt development bonds

Muscat: The Central Bank of Oman (CBO) announced the auction results of the 69th Government Development Bonds (GDB) issue worth OMR100 million.

According to CBO’s Market Operations Department, the Issue, which received overwhelming response from investors, has received applications amounting to OMR231.71 million.

The average yield was 4.94 percent at an equivalent price of OMR99.890, while the highest yield was 5.20 percent at an equivalent price of OMR99.175 and the lowest was at 4.00 percent at an equivalent price of OMR102.520.

The 3-years Bond will be issued on 27 February, 2024 and it will mature on 27 February 2027, carrying a coupon rate of 4.90 percent per annum.