Oman prints $5 billion notes; Slovenia taps two issues; investor focus shifts to Fed

By Christine Van Dusen

Atlanta, March 1 – Oman printed a triple-trancher of dollar-denominated notes and Slovenia planned issues on a Wednesday that saw investors focusing on the Federal Reserve and the likelihood of a rate hike.

“We’re heading into March with a sudden shift in investor focus from fiscal politics to the Fed,” a London-based analyst said. “That said, markets were mainly looking out for Trump’s address to the joint session of Congress, not least as the new President had promised to make a phenomenal corporate tax announcement soon.”

Bonds from Turkey remained attractive on Wednesday, with a supportive macro backdrop abating refinancing risks, the analyst said.

Investors were also eyeing China’s Yingde Gases Group after private equity fund PAG Asia Capital offered to purchase the shares of three directors who had been in conflict.

In its new deal, Oman priced a $5 billion issue of notes in three tranches due 2022, 2027 and 2047, a market source said.

Slovenia is planning to issue taps of its euro-denominated notes due in November of 2040 and March of 2027, according to an announcement from the sovereign.

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