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FINANCIAL NEWS
Oman’s central bank to raise OMR450mn from bond issue
08 Mar 2017
(MENAFN) Oman’s central bank aims to raise OMR450mn worth of government development bonds in separate issues to cover deficit in the nation’s budget for this year.
Accordingly, the Sultanate has issued OMR150mn worth of bonds and the whole budgeted bond issue for 2017 is for OMR600mn.
Additionally, almost OMR200mn worth of bonds are maturing, therefore the net will be OMR400mn and the gross issue for the year will be OMR600mn.
Referring to the current overseas bond issue of USD5bn by the government, it was overwhelmingly subscribed.
MENAFN0803201700450000ID1095298706
MENAFN0803201700450000ID1095298706
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