Oman places $259.74m in government development bonds

21 July 2010

Oman has placed OR100m ($259.74m) in 5-year domestic development bonds, to be issued on July 26, carrying a coupon of 4%, Reuters has reported. The government development bonds, maturing in July 2010 offer an average yield of 2.37%. Total bids reached OR234.4m, according to a central bank statement. The central bank of Oman said in March the Gulf stat was likely to issue 122 million rials in domestic bonds, to replace the amount maturing in November.

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