We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sun 19 Jun 2016 08:51 AM

Font Size

- Aa +

Oman finance ministry to issue $2.5bn sukuk to plug budget gap

The bonds will consist of a $1 billion five-year issue and a $1.5 billion ten-year issue, finance ministry officials confirmed

Oman finance ministry to issue $2.5bn sukuk to plug budget gap

Oman's ministry of finance said on Saturday it had commissioned five international banks to arrange the issue of two dollar-denominated sukuk totalling $2.5 billion to help plug a budget deficit.

The bonds will consist of a $1 billion five-year issue and a $1.5 billion ten-year issue, finance ministry officials confirmed, without elaborating on pricing or the names of the banks involved.

Arabian Business: why we're going behind a paywall

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.