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Monday, 27 February 2017

MIDEAST DEBT-Oman aims for large conventional bond deal, sukuk to follow -investors | Reuters

MIDEAST DEBT-Oman aims for large conventional bond deal, sukuk to follow -investors | Reuters:

"Oman aims to conduct a large U.S. dollar bond sale this week that could exceed $2 billion, 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."



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