Oman to tap investors to plug budget deficit
Published 09 Sep,2020 via Bloomberg Markets - Oman’s government is planning to tap international and local debt markets this year as it seeks to plug the widest budget deficit among Gulf Arab economies.
The sultanate, rated junk by the three major rating companies, hired Bank Muscat for a local-currency Islamic bond offering, according to the Finance Ministry. The sale will target local and small investors through a book-building process, it said in a statement on Wednesday.
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