Oman’s banking regulator plans to raise OMR150mn through a government development bond issue. The Central Bank of Oman (CBO) said that the maturity period of bonds will be 10 years and will carry a coupon rate of 5.5% per annum. The issue will be open for subscription on December 11 until 18 December 2016. The auction will be held on December 21, 2016 with the settlement date on 27 December 2016. (Times of Oman)
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