Muscat, The Central Bank of Oman (CBO) today announced the auction results of the 71st Government Development Bonds (GDB) issue worth RO 100,000,000. According to a media release issued by CBO's Market Operations Department, the 71st GDB Issue, which received overwhelming response from investors, has received applications that amounted to RO 226,843,000. The average yield was 5.10 percent at an equivalent price of RO 100.000, while the highest yield was 5.12 percent at an equivalent price of RO 99.910 and the lowest was at 5.05 percent at an equivalent price of RO 100.220. The 5-year Bond will be issued on Tuesday, 16th July 2024 and it will mature on 16th July 2029, carrying a coupon rate of 5.10 % p.a. Source: Oman News Agency