Oman offers RO 80 million in new five-year GDBs

MUSCAT: The Central Bank of Oman (CBO), acting on behalf of the Government of the Sultanate of Oman and the Ministry of Finance, has announced the launch of the 77th issue of Government Development Bonds (GDBs), valued at RO 80 million, with the possibility of an increase of up to RO 20 million.

The bonds carry a five-year maturity and offer a base annual interest rate of 4.1 per cent. Subscription opens today (Wednesday) and closes on October 27, 2025, followed by a competitive auction on October 28, 2025. The bonds will be issued and settled on October 30, 2025, with interest payments made semi-annually on April 30 and October 30, until maturity on October 30, 2030.

The offering is open to all investors, both local and international, regardless of nationality, through a competitive bidding process. Bids must be submitted via commercial banks operating in Oman during the subscription period. Non-banking institutions and individual investors may apply for a minimum of RO 1 million, subject to their commercial bank’s approval.

To participate, investors must obtain an Investor Number from the Muscat Clearing and Depository Company (MCD) via its website (www.mcd.om) or the Oman Shares app, at least one day before submitting their applications.

Prospectuses and subscription forms are available through the CBO’s website (www.cbo.gov.om), the Ministry of Finance’s website (www.mof.gov.om), or their official social media accounts.

The bonds are fully guaranteed by the Government of Oman and may be used as collateral for borrowing from licensed local banks. They will also be tradable on the Muscat Stock Exchange (MSX) at market prices. All allocations and ownership details will be recorded in the MCD’s bond registry. — ONA