CBO announces Government Bond results

Muscat: Results of the 57th issue of the Government Development Bonds (GDB) are as follows: The total applied for (competitive bids only) stood at OMR137,375,000 whereas the total allotted stood at OMR100 million, according to the bulletin released by the Central Bank of Oman (CBO).
The Central Bank of Oman bulletin added that the accepted average yield stood at 4.85 per cent as its price stood at OMR99.560 whereas the maximum yield stood at 5.05 per cent as its price equivalent to OMR98.690.
The minimum yield stood at 4.50 per cent as its price equivalent to OMR101.110.
The 5-year Bond will be issued on 28 June 2018, and will mature on 28 June 2023, carrying a coupon rate of 4.75 per cent per annum.