On behalf of the Government of the Sultanate of Oman, the Ministry of Finance (MOF) and the Central Bank of Oman (CBO) announced the launch of a new issue of Government Development Bonds. This new offering amounts to OMR100 million ($259.7 million), with a maturity period of five years and a coupon rate of 4.60 percent per annum. Subscriptions will be open from February 9 to February 13, 2025, with the auction scheduled for Sunday, February 16, 2025. The bonds will officially be issued on Tuesday, February 18, 2025. Investors can expect interest payments to be made semiannually on February 18 and August 18 each year until maturity on February 18, 2030.
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Importantly, the 73rd issue of Government Development Bonds is available to all investors, both residents and non-residents, regardless of nationality. Applications for these bonds can only be made through a competitive bidding process via licensed commercial banks operating in the Sultanate of Oman during the subscription window.
Additionally, investors wishing to apply for OMR1 million or more may submit their bids directly to the CBO, provided they have received endorsement from their banks.
These bonds represent direct and unconditional obligations of the Government of the Sultanate of Oman, as represented by the Ministry of Finance. They can be used as collateral for loans from local commercial banks and are tradable at current market rates through the Muscat Stock Exchange (MSX). All bond allocations will be recorded in the register maintained by Muscat Clearing & Depositary Company (MCD).
