CBO announces auction results of 65th GDB issue

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Muscat: The Central Bank of Oman (CBO) announced the auction results of the 65th Government Development Bonds (GDB) issue worth OMR200 million.

According to a press release issued by CBO’s Monetary Operations Department, the 65th GDB issue has received applications worth OMR239,015,300.

The average yield was 5.43 per cent at an equivalent price of OMR100.405 while the highest yield was 5.70 per cent at an equivalent price of OMR98.860 and the lowest was at 5.25 per cent at an equivalent price of OMR101.450.

The seven-year bond will be issued on August 18 and will mature on August 18, 2027, carrying a coupon rate of 5.50 per cent per annum.

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