Oman says it has completed its fundraising efforts for 2019 after a $3bn late-July bond issue. Muscat raised $750mn in five-year bonds at 4.95%/year; $2.25bn of 10-year paper will return 6%/year. This marks Oman’s first foray in the international debt markets since January 2018 when it raised a jumbo loan of $6.5bn to plug its 2018 deficit.
Finance ministry official Nasser al-Jashmi says that after the latest fundraising, Muscat is unlikely to return to the international bond market this year, noting that the budget is in good shape as other sources of financing have been tapped. (CONTINUED - 277 WORDS)