Oman to issue four year $260m development bond

21 October 2010

Oman's central bank has unveiled plans to issue a four-year development bond worth OR100m ($260m) at an annual interest rate of 3.25%, Reuters has reported. The bonds are available to international and local investors and will be traded on the Omani bourse. The subscription period for the bond will be from October 24 to November 4 and the auction will be on November 8, the bank revealed in a statement.

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