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FINANCIAL NEWS
Oman to borrow USD2bn from overseas markets
28 Feb 2017
(MENAFN) Oman plans to borrow US dollar bond sale this week that could surpass USD2bn and also aims to issue dollar sukuk in the coming few months to plug a budget deficit made by low oil prices.
Meanwhile, the government intends to sell a conventional bond with maturities of five, 10 and 30 years.
Moreover, the Sultanate has also instructed banks for a dollar sukuk, which could come after the conventional issue.
Accordingly, the government proclaimed that in Jan it planned to borrow OMR2.1bn globally this year, while the conventional bond could be sized at USD2.5bn.
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