Oman Raises $2.5 Billion From First Foreign Bond Since 1997 - Bloomberg

Oman Raises $2.5 Billion From First Foreign Bond Since 1997 - Bloomberg:

"Oman, the largest Arab oil producer that’s not an OPEC member, raised $2.5 billion from its first international bond sale in almost two decades as it seeks to plug a budget deficit caused by crude’s decline.
The Gulf nation sold $1 billion of five-year notes at a yield of 245 basis points over the benchmark midswap rate and $1.5 billion of 10-year bonds at a spread of 320 basis points, according to a person familiar with the matter. Pricing was tightened from the initial guidance of mid- to high-200 basis points for the five-year notes and mid-300 basis points for the 10-year bonds, said the person, asking not to be identified because the information is private."



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