Thursday 25, October 2018 by Kudakwashe

Oman sells $1.5 billion Sukuk

 

Gulf International Bank, HSBC as well as JP Morgan, KFH Capital and Standard Chartered arranged the debt issue.

The Sultanate of Oman has sold $1.5 billion seven-year in Sukuk, offering investors 280 basis points over mid-swaps.

Oman started marketing the Islamic bonds with initial price guidance of about 300 basis points over mid-swaps and orders for the Sukuk topped $3.5 billion, reported Reuters.

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