Oman to issue OR200m of bonds, sukuk
- Oman: Thursday, March 14 - 2013 at 05:19
The governor of Oman's central bank Hamood Sangour al-Zadjali has said the government plans to issue a total of about OR200m ($520m) of conventional bonds and sukuk in line with its budget financing needs, Reuters has reported. The sukuk, denominated in rials, are likely to be issued towards the end of 2013 or at the start of next year, he said. "There is no timetable set yet for the time being. There will be a committee established in order to study this matter and to see how this sukuk will be issued, because there are some fundamental factors we need to put in - this will have to be asset-based or asset-backed, the maturity of it. We are new in this market," added al-Zadjali.
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