Oman returned to the debt market for the third time in less than three months, taking advantage of investors’ appetite for yield to help plug the Gulf Arab region’s widest budget deficit.
The largest oil exporter outside of OPEC sold $3.25 billion in a three-part debt offering.
- Oman priced $1.75 billion in 10-year notes at a yield of 6.25%, according to people familiar with the matter, compared with an initial price target of 6.625%
- It sold another $1 billion in 30-year securities at 7.25%, versus guidance of 7.5% and initial price talk of between 7.625% and 7.75%
- It also tapped $500 million of its 2025 bond at 4.45%; earlier guidance was for 4.625%-4.75%, and the initial price talk was 4.875%, the people said, asking not to be identified because the details are confidential
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