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Oman expected to sell $2 billion in sukuks
By Colin Hanner
Chicago, May 17 – Oman is expected to sell $2 billion of sukuks in the coming weeks, a market source said, citing comments made by Oman finance minister Darwish Al Balushi in a media report.
On Friday, S&P Global Ratings lowered its long- and short-term ratings on Oman to BB+/B from BBB-/A-3, citing the Omani government's heightened external financing needs.
In March, Oman priced a combined $5 billion of notes due in five, 10 and 30 years, according to Prospect News.
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