CBO bonds get overwhelming response

Muscat: An overwhelming response was received by the Central Bank of Oman (CBO) from banks for its development bond issue.
The CBO announced the results of the 50th issue of Government Development Bonds (GDB) as follow:
Announcing the results of the 50th issue of Government Development Bonds (GDB) the CBO said the total value applied for competitive bids amounted to OMR195.98 million while the total value allotted for the bonds amounted to OMR100 million.
The average yield equivalent per cent to the accepted price was 5.12 per cent at price of OMR99.385 while the highest yield equivalent was at 5.25 per cent for OMR98.725 and the lowest was at 4.50 per cent for OMR102.605.
The 5-year bond will be issued on October 3, 2016 and will mature on October 3, 2022 carrying a coupon rate of 5.0 per cent per annum.