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FinancialNews
30-08-17
Oman's Central Bank to issue OMR150mn from development bond
(MENAFN) Oman's central bank aims to raise OMR150mn from a development bond issue, which will have a maturity period of 10 years and will carry a coupon rate of 5.75 percent per annum.
Meanwhile, the issue will open for subscription between Sep 10 and 14 of this year, whereas the auction will be held on Sep 17.
Furthermore, investors may apply for these bonds amid the competitive bidding process and may submit bids amid commercial licensed banks operating in the Sultanate.
In addition, investors must offer the same bank account details posted with MCD in order to confirm the smooth processing of their bids.
MENAFN3008201700450000ID1095789327
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