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English news

12-Jun-2016

Oman raises USD2.5bn from first foreign bond since 1997

Oman reportedly raised USD2.5bn from the first international bond sale in almost two decades, aiming to finance budget deficit caused by oil price slump. The country sold USD1bn of five-year notes at a 245 bps yield over midswap rate benchmark and USD1.5bn of 10-year bonds at a 320 bps spread. (Bloomberg)

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