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FINANCIAL NEWS
Oman raises USD5bn from global bond sale
05 Mar 2017
(MENAFN) Oman almost finished its whole foreign borrowing plan for this year in a single issue, by selling USD5bn of global bonds.
Furthermore, the government’s bond sale was about double the size that most investors had projected and a huge amount for a country which returned to the global bond market.
In addition, order books for the issue reached USD20bn, while the Sultanate can now count on strong global demand for its high-yielding debt.
Accordingly, Oman planned to comprise a projected OMR3bn budget deficit this year with OMR2.1bn of global borrowing, OMR400mn of local borrowing.
MENAFN0503201700450000ID1095284851
MENAFN0503201700450000ID1095284851
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