Muscat, July 2 (ONA)--- His Majesty Sultan Qaboos bin Said has received a cable of thanks from Sheikh Dr. Sultan bin Mohammed al-Qasmi, members of the United Arab Emirates (UAE), Supreme Council and Ruler of Sharjah in response to His Majesty’s cable of condolence on the death of Sheikha Noorah bint Sultan bin Saqr al-Qasmi.

      In his cable, Sheikh Dr. Al-Qasmi expressed his thanks and appreciation for His Majesty’s condolences, praying to the Almighty to rest her soul in paradise and praying to the Almighty to grant His Majesty good health and to protect him against all misfortunes. 

    His Majesty Sultan Qaboos bin Said has also received a cable of thanks from President Ilham Haydar Aliyev, of the Republic of Azerbaijan in response to His Majesty’s greetings cable on the occasion of his country’s National Day.

      In his cable, President Aliyev expressed his delight and happiness for His Majesty’s kind initiative. He wished existing friendship and cooperation relations between the two countries development in the interest of their peoples. 

     President Aliyev wished His Majesty the Sultan good health and happiness and the Omani people continuous security and prosperity.

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H.M. the Sultan – Congratulations

     Muscat, July 2 (ONA)--- His Majesty Sultan Qaboos bin Said has sent a cable of congratulations to President Alexander Luckashinko, of the Republic of Belarus on the occasion of his country’s Independence Anniversary.

      In his cable, His Majesty expressed his congratulations and best wishes of good health and happiness to President Luckashinko and his friendly people continued progress and prosperity.

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    Muscat, July 2 (ONA)--- The Central Bank of Oman (CBO) hereby announces the new issue of government development bonds. The size of the new issue is fixed at RO. 80 million with a maturity period of 5 years and will carry a coupon rate of 4% p.a. The issue will be open for subscription from July 9^th to July 23^rd, 2008 while the auction will be held on Sunday, July 27^th 2008. The issue date/settlement date will be on August 3^rd, 2008. Expiry (maturity) date of the bonds will be on August 3^rd, 2013.

          Investors my apply for these bonds through either the competitive or noncompetitive bidding process. Investors my submit bids through licensed banks operating in the Sultanate anytime during the subscription period. Investors with applications of RO. One million and above can, if they so wish, submit the applications for the bonds bids directly to CBO after getting them endorsed from their banks. Prospectus and application forms can be obtained from any licensed bank operating in the Sultanate.

     The new bonds will be issued in the denomination of RO. 100 and multiples thereof. It will carry a coupon rate of 4% per annum. Interest on the new bonds will be paid on February 3^rd and August 3^rd every year until maturity.

      The bonds are direct and unconditional obligations of the government. The bonds can be used as a collateral security to obtain loans from any commercial banks.

      The bonds can also be traded at prevailing market rates though the Muscat Securities Market (MSM).

      The details of the bonds allotted will be recorded in the register maintained by the Muscat Depositary and Securities Registration Company (MDSRC). 

    This particular issue of the government bonds is offered to all investors of any nationality residing in the Sultanate only; it is not open for subscription to investors residing abroad.

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