Finance Ministry Launches International Sharia-compliant Sukuk Bonds Worth $1.75 bn
Muscat, The Ministry of Finance has issued international
Sharia-compliant sukuk bonds worth $1.75 billion for nine-year
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
According to current indicators, the international Sharia-compliant
sukuk issue saw a large turnout of international investors and asset
management institutions this week, with the bids multiplying more than
6.5 times over the issued sukuk and drawing more than $11.5 billion.
Existing data shows that the rates of interest from the sukuk improved
and generated 4.875%, less than what the government issued earlier.
The bids diversified in a broad base of geographical markets in the
GCC, Asia, Europe and the United States.
Source: Oman News Agency