Oman Weighs $2 Billion Loan After Multi-Billion-Dollar Bond - Bloomberg

Oman Weighs $2 Billion Loan After Multi-Billion-Dollar Bond - Bloomberg:

"Oman is considering raising a loan of as much as $2 billion, two people familiar with the plans said, just weeks after the Middle East’s biggest non-OPEC producer sold $6.5 billion of bonds.

The government is in talks with international banks about pricing for the loan, the people said, asking not to be identified because the talks are private. Discussions are preliminary and may not result in a deal, they said. Repeated calls to Oman’s Ministry of Finance weren’t answered.

Oman became the first Gulf Cooperation Council country to tap international capital markets this year to bridge a budget deficit brought on by lower oil prices. Its neighbors are expected to follow. Kuwait, Saudi Arabia and Abu Dhabi are planning to sell bonds, according to people familiar with the matter. Saudi Arabia is also said to be seeking to increase a $10 billion sovereign loan by $2.5 billion. "



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