Sultanate said to plan dollar bond sale return with tap of June issue
Oman is planning to sell more of the dollar-denominated bonds it issued in June, according to two people with knowledge of the deal, as the Gulf nation looks to shore up state finances pressured by low energy prices. The potential tap of bonds due 2021 and 2026 will be of benchmark size, the people said, asking not to be identified as the information is not public. The Sultanate issued USD2.5bn in June; benchmark typically means at least USD500mn. The sale may come as soon as this month, one of the people said. (Muscat Daily)
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