No James in Oman's bond auction
Oman is to issue bonds worth OR100m ($260m)
Oman will issue five-year government development bonds worth OR100m ($260m) at an annual interest rate of 3.25 percent, a statement from the central bank of Oman said on Saturday.
The subscription of the bonds will start on November 18 and last until November 29. An auction will take place on December 3, the statement said.
Interest on the bonds will be paid on June 5 and December 5 every year until maturity is reached on December 5, 2017.
The bonds will be traded in the Muscat Securities Market.
- Will terror attacks damper Arabs' appetite for European holidays?
- So cool it's hot: Saudi Arabia's $3.2B HVACR market driven by construction boom
- US, EU protectionist policies may be a blessing in disguise for GCC suppliers
- Dubai to Doha: How far can you stretch your dirham?
- OPEC's poor history of compliance will make production cut deal a challenge