Oman’s central bank has announced the new issue of government development bonds. The size of the new issue is fixed at OMR100 million with a maturity period of 7 years and will carry a coupon rate of 5% per annum. The issue will be open for subscription from April 3 to 14, while the auction will be held on April 10,. The issue settlement date will be on April 25. Interest on the new bonds will be paid semi-annually on October 25 and April 25 every year until maturity date on April 25, 2023. (Times of Oman)
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