Oman To Issue $1.3bn Of Bonds, Sukuk In Early 2015 -Banker - Gulf Business

Oman To Issue $1.3bn Of Bonds, Sukuk In Early 2015 -Banker - Gulf Business:



"Oman is expected to issue OMR500 million ($1.3 billion) worth of conventional and Islamic sovereign debt early next year, and aims to choose the arranging banks in October, said the head of the country’s first full-fledged Islamic bank.



Last month, the finance ministry received applications from banks to arrange the issuance, with plans to raise OMR300 million via conventional bonds and OMR200 million with sukuk, said Jamil Al Jaroudi, chief executive of Bank Nizwa.



“We expect it to be in the market in the first quarter of 2015,” Jaroudi told Reuters on the sidelines of the Global Islamic Finance Forum."



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