Oman's first retail sukuk fully subscribed
Published 28 Nov,2020 via Muscat Daily - The Capital Market Authority (CMA) announced that the sultanate’s first Omani rial sovereign sukuk issuance recently offered to the retail investors has been fully subscribed.
The CMA announced the listing of Series 5 Oman Sovereign Sukuk comprising 25mn trust certificates valued at RO25mn and due in 2022. In a statement to Oman News Agency, the CMA said that the offer was fully subscribed by individual investors.
The public offer presented a unique opportunity for retail investors to participate in the government’s sukuk programme with a profit of 4.75 per cent per year and a limited maturity period of two years, at profit distribution rate every six months (May and November) until the maturity date of the sukuk on November 24, 2022. The minimum subscription amount was RO100.
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