MUSCAT, July 3 (Xinhua) -- Oman announced on Wednesday the launch of government development bonds worth 100 million Omani rials (about 260 million U.S. dollars).
An official statement by the Central Bank of Oman (CBO) said that the IPO will open on July 9 and close on July 18. The auction will be held on July 21.
The statement pointed out that the maturity of these bonds is five years. It will be issued on July 23, 2019, and payable on Jan. 23, 2024, at an interest rate of 5.25 percent annually.
The statement said that the subscription is available to all categories of investors from inside and outside the country regardless of their nationality.
Investors can make their bids through commercial banks operating in Oman during the subscription period, it said.