Muscat – The size of the new issue is worth RO 75million with an option to exceed the announced amount.

The bonds will have a maturity period of five years and will carry a coupon rate of 4.75 percent per annum.

Subscription for the bonds will open on October 27, 2024, and close on October 31, 2024. An auction for the bonds will be held on Sunday, November 3, 2024, with the bonds officially issued on Tuesday, November 5, 2024. Interest payments on the new bonds will be made semi-annually on May 5 and November 5 until the maturity date of November 5, 2029.

The bond issue is open to all categories of investors, both domestic and international, allowing participation from various nationalities. Bonds will be issued exclusively through competitive subscription, requiring investors to submit their bids via commercial banks operating in Oman during the designated subscription period.

Additionally, the CBO will accept applications from non-banking institutions and individuals wishing to invest amounts of one million Omani Rials or more, subject to approval from their respective commercial banks.

These bonds are guaranteed by the Government of Oman with a direct and unconditional guarantee. Investors will also have the option to borrow against these bonds from licensed local banks and trade them at prevailing market prices on the Muscat Stock Exchange.
All bond allocation details will be registered and documented in a special bond registry maintained by the Muscat Clearing and Depository Company, ensuring a transparent and secure process for subscribers