CBO announces results of bond auction

Business Monday 17/December/2018 16:49 PM
By: Times News Service
CBO announces results of bond auction

Muscat: Results of the 59th issue of the Government Development Bonds (GDB) was announced on Monday by the Central Bank of Oman (CBO).
The CBO statement said that the total applied for (competitive bids only) stood at OMR155.69 million whereas the total allotted stood at OMR100 million. The CBO bulletin added that the accepted average yield stood at 4.91 per cent as its price stood at OMR100.395 whereas the maximum yield stood at 5.02 per cent as its price equivalent to OMR99.910. The minimum yield stood at 2.99 per cent as its price was equivalent to OMR109.275.
The 5-year bond will be issued on December 18, 2018, and will mature on December 18, 2023, carrying a coupon rate of 5 per cent per annum.