Muscat – The Sultanate of Oman has launched a new issue of government development bonds aimed at raising at least RO80mn from the domestic market as part of its ongoing funding strategy.

The Central Bank of Oman (CBO), acting on behalf of the Ministry of Finance, announced on Thursday the launch of the 84th Government Development Bonds (GDB) issue.

According to a statement issued by the CBO, the offering has a base size of RO80mn, with a green-shoe option of up to RO20mn. The bonds will have a maturity of seven years and carry a fixed coupon rate of 4.50% per annum.

The subscription period will run from August 16 to August 20, 2026, with the auction scheduled for August 23. The bonds will be issued on August 25, 2026, and will mature on August 25, 2033. Interest will be paid semi-annually on August 25 and February 25 throughout the tenure of the bonds.

The bond issue is open to all investors, both residents and non-residents, regardless of nationality. Subscriptions will be accepted through a competitive bidding process via licensed commercial banks operating in Oman. Investors seeking to subscribe for RO1mn or more may submit bids directly to the CBO, subject to endorsement by their banks.

The Omani government’s domestic borrowing plan forms part of its broader financing strategy outlined in the 2026 state budget. At the beginning of 2026, the sultanate had planned to raise approximately RO850mn through a combination of government development bonds and sovereign local sukuk during the year to support budgetary requirements and service public debt obligations.

Government Development Bonds represent direct and unconditional obligations of the sultanate and may be used as collateral for loans from local commercial banks. They are also tradable on the Muscat Stock Exchange (MSX) at prevailing market rates.