CBO announces 76th issue of Government Development Bonds via auction

Business Tuesday 12/August/2025 19:10 PM
By: ONA
CBO announces 76th issue of Government Development Bonds via auction

Muscat: On behalf of the Government of Sultanate of Oman, represented by the Ministry of Finance, the Central Bank of Oman (CBO) announced the new issue of Government Development Bonds (GDBs).

The size of the new issue is OMR75 million, with green shoe option (not exceeding 15 million), with a maturity period of 5 years and will carry a coupon rate of 4.35% per annum. The issue will be open for subscription from 13 August to 19 August, 2025 while the auction will be held on Wednesday, 20 August 2025. The issue date will be on Sunday 24 August, 2025. Interest on the new bonds will be paid semiannually on 24 February and 24 August, every year until maturity date on 24 August 2030.

Noteworthy, the 76th Government Development Bonds issue is offered to all investors, residents and non-residents (irrespective of their nationality). Investors may apply for these Bonds through the competitive bidding process only and may submit bids through commercial licensed banks operating in the Sultanate of Oman during the subscription period.

Furthermore, investors with applications of OMR1 million and above may submit their bids directly to CBO, at their own discretion, after getting them endorsed from their banks.

Notably, the Bonds are direct and unconditional obligations of the Government of Sultanate of Oman, represented by the Ministry of Finance. The Bonds can be used as collateral to obtain loans from any local commercial licensed banks and can also be traded at prevailing market rates through the Muscat Stock Exchange (MSX). The details of the Bonds allotted will be recorded in the register maintained by Muscat Clearing & Depositary Company.