Sources: Oman appoints banks to issue bonds worth up to $ 2 billion

Economy and stock exchange

Oman has appointed a group of international banks, including HSBC and Standard Chartered, to issue up to $ 2 billion in bonds, the government has been preparing to sell the debt issue for some time, sources told Reuters last month. The process is almost ready.

The Omani bonds will be the first international issuance of the Sultanate in 2019, and will be seen by many as a test of its ability to raise external financing after Moody's downgraded its credit rating earlier this year to high risk – becoming the latest global rating agency to do so.

The sources said Oman had authorized a consortium of banks including JPMorgan, HSBC, Standard Chartered and Abu Dhabi First Bank for the planned deal, while Oman's Finance Ministry and Abu Dhabi did not respond to a request for comment, while other banks declined to comment.

Related topics

– Oman