No James in Oman's bond auction

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.

Oman will issue five-year government development bonds worth OR100m ($260m) [2] 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. [3] 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.

Oman is to issue bonds worth OR100m ($260m)