Oman raises $1.75 bln in oversubscribed global sukuk sale
Published 09 Jun,2021 via Muscat Daily - Oman has successfully raised US$1.75bn this week through the sale of nine-year dollar sukuk in the international market, according to the Ministry of Finance.
The sultanate's issuance of sukuk, or Islamic bonds, attracted huge demand from international investors and asset management institutions. The sukuk issuance attracted more than US$11.5bn worth of orders and was oversubscribed by 6.5 times of the offered value, according to an Oman News Agency report.
The move comes as part of funding operations listed in the government’s plan endorsed earlier this year to meet its financial requirements based on fiscal control and management of public debt levels.
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