Search
Close this search box.

CBO Announces Auction Results of 69th Government Development Bonds Issue

CBO Announces Auction Results of 69th Government Development Bonds Issue


Muscat: The Central Bank of Oman (CBO) announced the auction results of the 69th Government Development Bonds (GDB) issue worth RO 100,000,000.

According to a press release issued by CBO’s Market Operations Department, the 69th GDB Issue, which received overwhelming response from investors, has received applications amounting to RO 231,719,200.

The average yield was 4.94 percent at an equivalent price of RO 99.890, while the highest yield was 5.20 percent at an equivalent price of RO 99.175 and the lowest was at 4.00 percent at an equivalent price of RO 102.520.

The 3-years Bond will be issued on Tuesday 27 February 2024 and it will mature on 27 February 2027, carrying a coupon rate of 4.90 % p.a.

Source: Oman News Agency