CBO announces auction results of 61st GDB issue

Muscat: The Central Bank of Oman (CBO) announced the auction results of the 61st Government Development Bonds (GDB) issue worth OMR100 million.
According to a media release issued by CBO's Monetary Operations Department, the 61st GDB Issue, which received an overwhelming response from investors, has received applications over OMR57.110 million at OMR157.110 million, as against the Issue value of OMR100 million.
The average yield was 4.92 per cent at an equivalent price of OMR101.450, while the highest yield was 5.10 per cent at an equivalent price of OMR100.655 and the lowest was at 4.70 per cent at an equivalent price of OMR102.425.
The 5-year bond was issued on Tuesday, July 23, 2019, and will mature on July 23, 2024, carrying a coupon rate of 5.25 % p.a.