Oman hires banks for bond issue, deal could raise $2 billion – sources - Reuters:
Oman has hired a group of international banks including HSBC and Standard Chartered for a planned bond issue which could go up to $2 billion in size, sources familiar with the matter said.
The government has been preparing the debt sale for quite some time and last month sources told Reuters the deal was almost ready.
Oman’s bond would be the country’s first international issuance of 2019, and will be seen by many as a test of its ability to access external funding after Moody’s downgraded it to junk earlier this year – the last international rating agency to do so.
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