Arab Today, arab today cbo to issue ro100mn in bonds
Last Updated : GMT 07:31:24
Arab Today, arab today
Arab Today, arab today

CBO to issue RO100mn in bonds

Arab Today, arab today

Arab Today, arab today CBO to issue RO100mn in bonds

Muscat - Arabstoday

The Central Bank of Oman (CBO) has announced the new issue of government development bonds. The size of the new issue is fixed at RO100 million with a maturity period of five years and will carry a coupon rate of 3.25 per cent. The issue will be open for subscription from November 18 till 29, 2012 while the auction will be held on Monday, December 3, 2012. The issue settlement date will be on December 5, 2012. Interest on the new bonds will be paid on June 5 and December 5 every year until maturity date on December 5, 2017. Investors may apply for these bonds through the competitive bidding process only. Investors may submit bids through licenced banks operating in the Sultanate. Investors with application of RO1 million and above can, if they so wish submit their bids directly to CBO after getting them endorsed from their banks. Prospectus and application forms can be obtained from any licenced banks operating in the Sultanate. The Bonds are direct and unconditional obligations of the Government of the Sultanate. The Bonds can be used as a collateral security to obtain loans from any local licensed bank. The Bonds can also be traded at prevailing market rates through the Muscat Securities Market (MSM). The details of the Bonds allotted will be recorded in the register maintained by the Muscat Clearing & Depositary Company (MCDC). Investors must provide same bank account details registered with MCDC. The 41st issue is offered to all investors of any nationality residing in the Sultanate of Oman: it is not open for subscription to investors residing aboard. Robust growth During the year 2012 the balance sheet of commercial bank\'s strengthened further due to the robust growth in deposits and credit. Statistics issued by the Central Bank of Oman (CBO) pointed out that total assets of commercial banks increased by 17.6 per cent to RO20,229.9 million in September 2012 compared to RO17,203.6 million in September 2011. Total credit expanded by 17.4 per cent to RO13,954.6 million at the end of September 2012 from RO11,882.2 million a year ago. While credit to Government declined by 26 per cent at the end of September 2012, credit to public enterprises and private sector increased by 26.7 per cent and 17.3 per cent, respectively. Commercial banks\' overall investments in securities marginally increased by one per cent to RO2,225.6 million in September 2012 from RO2,204.4 million a year ago. Of the total outstanding investments, commercial banks\' investments in CBO CDs stood at RO1,016 million in September 2012. Investments in Government Development Bonds (GDBs) increased by 51.9 per cent to RO432.7 million in September 2012 compared to its level last year. Commercial banks\' investments in foreign securities increased to RO588.8 million in September 2012 from RO337.1 million a year ago. On the liabilities side of the balance sheet, total deposits (rial Omani plus foreign currency deposits) of commercial banks increased by 17.2 per cent to RO13,801.7 million in September 2012 from RO11,772.4 million in September 2011. Government deposits with commercial banks increased by 26.3 per cent to RO3,756 million, while deposits of public enterprises increased by 9.5 per cent to RO992.9 million during the same period. Private sector deposits with commercial banks increased by 13.6 per cent to RO8,838.6 million in September 2012 from RO7,779.2 million a year ago. The provisional net profits of commercial banks stood higher at RO230.8 million at the end of September 2012 compared to RO193.5 million at the end of September 2011. Times Of Oman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cbo to issue ro100mn in bonds Arab Today, arab today cbo to issue ro100mn in bonds

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cbo to issue ro100mn in bonds Arab Today, arab today cbo to issue ro100mn in bonds

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU targets German carmakers

GMT 05:41 2017 Tuesday ,24 October

EU targets German carmakers
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today Sherine Reda frustrated of latest terrorist attacks

GMT 09:03 2017 Monday ,23 October

Sherine Reda frustrated of latest terrorist attacks
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:12 2017 Saturday ,21 October

Donia Abdel Aziz aspires to return to cinema

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 05:54 2017 Tuesday ,24 October

Second Palestinian mobile provider enters Gaza

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday