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English news

28-Feb-2017

Oman plans to borrow USD2bn from overseas markets

Oman aims to conduct a large US dollar bond sale this week that could exceed USD2bn, and also plans to issue dollar sukuk over the next few months to plug a budget deficit caused by low oil prices, investors said. The government intends to sell a conventional bond with maturities of five, 10 and 30 years, according to lead banks, probably after roadshows end in the United States on Tuesday. Oman has also mandated banks for a dollar sukuk, which could come soon after the conventional issue, said the investors, who obtained their information from roadshows conducted by Omani officials in the United Arab Emirates on Sunday. (Times of Oman) 

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