Oman says it has completed its fundraising efforts for 2019 after a $3bn late-July bond issue. Muscat raised $750mn in five-year bonds at 4.95%/year; $2.25bn of 10-year paper will return 6%/year. This marks Oman’s first foray in the international debt markets since January 2018 when it raised a jumbo loan of $6.5bn to plug its 2018 deficit.

Finance ministry official Nasser al-Jashmi says that after the latest fundraising, Muscat is unlikely to return to the international bond market...