Central Bank of Oman (CBO) announced the new issue of government development bonds (GDB). The size of the new issue is fixed at OMR100 million with a maturity period of five years and will carry a coupon rate of 3.5% per annum. The issue will be open for subscription on February 7 until 14 February 2016 while the auction will be held on Tuesday, February 16, 2016. The issue settlement date will be on Monday 22 February 2016. Interest on the new bonds will be paid semiannually on 22 August and 22 February, every year until maturity date on 22 February, 2021. (Times of Oman)
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