Central bank plans to raise OMR450mn from bond issue
Oman’s central bank plans to float OMR450mn worth of government development bonds in separate issues to partly cover deficit in the nation’s budget for 2017 and repay a maturing bond issue. This is in addition to a OMR150mn bond issue recently, which takes the total issue size to OMR600mn this year. Referring to the recent overseas bond issue of USD5bn by the Oman government, CBO chief Hamoud Sangour Al Zadjali said, “It was overwhelmingly subscribed. The government was looking for about USD3bn to USD5bn and they got bid about four times the issue.” The CBO chief further said overseas borrowing and local borrowing will be sufficient to meet the deficit this year, since there are other financial resources to meet the difference between expenditure and income. Talking about the trend in inflation, he said that inflation is still under control. “We expect that inflation will be between 2 per cent and 3 per cent during the year.”
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.