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5 BANKS COMMISSIONED FOR ISSUE

Oman plans $2.5bn sukuk to plug budget gap

MUSCAT, June 18, 2016

Oman's ministry of finance said on Saturday it had commissioned five international banks to arrange the issue of two dollar-denominated sukuk totaling $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.-Reuters




Tags: Oman | sukuk | budget gap |

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