Oman scores bumper bond sale as investors shelve debt worries

Author:
REUTERS
article author:
Reuters
ID:
1623306487830215300
Fall, 2021-06-10 09:21

LONDON: Oman saw bumper demand in its first dollar-denominated sukuk sale since 2018 this week, as the rise in oil prices over the last year and a fiscal consolidation plan allayed investors’ concerns about a break-neck rise in debt levels.
The $1.75 billion nine-year sukuk drew over $11.5 billion in demand.

Main category:
Business & Economy
Tags:
debt
bonds
Oman

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