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Oman To Issue Bonds Worth $208Mn Following Oversubscription Of December Issue

Oman announced on 12 April that it will issue five-year government bonds worth OR80mn ($208mn) to help finance development projects. Subscription will take place from 12 to 26 April, with the auction on 28 April and issue on 5 May. The bonds, which will be available to local and international investors, carry a 4.25% coupon with interest paid on 1 November and 1 May each year. Omans...