CBO Announces Auction Results of 70th GDB Issue

Muscat, 23 Apr (ONA) --- The Central Bank of Oman (CBO) today announced the auction results of the 70th Government Development Bonds (GDB) issue worth RO 125 million.

According to a media release issued by CBO’s Market Operations Department, the 70th GDB Issue, which received overwhelming response from investors, has received applications amounted RO 212,981,700.

The average yield was 5.03 percent at an equivalent price of RO 99.660 while the highest yield was 5.20 percent at an equivalent price of RO 99.345 and the lowest was at 4.50 percent at an equivalent price of RO 100.660.

The two-year Bond will be issued on Thursday, 25 April 2024 and it will mature on 25 April 2026, carrying a coupon rate of 4.85 % p.a.