Oman could announce U.S. dollar sukuk sale as early as Monday | ZAWYA MENA Edition:
The government of Oman could announce a plan to issue new U.S. dollar-denominted sukuk, or Islamic bonds, as early as Monday, sources familiar with the matter said, speaking on condition of anonymity.
One of the financially weakest states in the Gulf, Oman has borrowed extensively in the international markets over the past few years to finance state spending and development projects at a time of lower oil prices.
Its latest foray in the foreign debt markets was a $6.5 billion conventional bond, the country's largest ever, sold in January this year.
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