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Monday, 22 May 2017

MIDEAST DEBT-Oman front-loading funding requirements with planned dollar sukuk | Reuters

MIDEAST DEBT-Oman front-loading funding requirements with planned dollar sukuk | Reuters:

"Oman, which saw its debt rating cut to junk this month, appears to be borrowing money it needs far in advance of spending it in order to take advantage of market conditions and prevent investors worrying about its ability to fund itself. The Omani government is expected to offer as soon as this week as much as $2 billion of Islamic bonds, its first public offer of sukuk in the international market. It would be Oman’s second international bond issue this year, after a $5 billion conventional bond sale in March that was split into tranches of five, 10 and 30 years."



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