Oman expected to sell seven-, 12-year sukuk

By Colin Hanner

Chicago, May 18 – Oman is expected to offer seven- and 12-year sukuk following an investor call scheduled for Monday, a market source said.

On Wednesday, a market source, citing comments made by Oman finance minister Darwish Al Balushi in a media report, said Oman is expected to sell $2 billion of sukuk in the coming weeks.

S&P Global Ratings recently 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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.