Financial and Banking News
Central Bank Of Oman Raises Interest Rates On Latest Bond Issue
The Central Bank of Oman is offering its first Government Development Bond (GDB)issues for 1995 at 8.25% for two- year instruments and 8.50% for five-yearinstruments. It is the twelfth issue of GDBs since they were first launched in1991. The issue closed on 16 March. The eleventh issue was priced at 7.5% forthree-year bonds and 8% for five-year bonds. The...