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FinancialNews


  • 22-05-17

    Oman predicts to provide USD2bn sukuk

    (MENAFN) Oman to be borrowing money it needs in advance of spending it in order to take advantage of market situations and prevent investors worrying about its ability to fund itself.

    Therefore, the government is projected to offer this week almost USD2bn of Islamic bonds, its first public offer of sukuk in the global market.

    Meanwhile, the Sultanate will hold a global call with fixed income investors, a seven-year sukuk issue is projected and a 12-year tranche might also be considered.

    The Sultanate's USD1bn five-year conventional notes issued in March yield almost 3.75 percent, whereas its USD2bn of 10-year conventional paper yield 5 percent.

    MENAFN2205201700450000ID1095498696

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