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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Oman Tapping Existing Bonds for $500m

FILE PHOTO: General view of old Muscat the day after Oman's Sultan Qaboos bin Said was laid to rest in Muscat, Oman, January 12, 2020. REUTERS/Christopher Pike

Oman is offering $500 million of bonds due in 2027 and 2032 for sale in a tap of outstanding issues, a document from one of the banks arranging the reopening showed on Monday.

Oman gave initial price guidance for the tap of around 6.6% for the bonds due in 2027.

While for the bonds due in 2032, Oman gave initial price guidance for the tap of around 7.2%, according to the the document.

The deal is expected to close later on Monday.

Citi, HSBC, Natixis and Standard Chartered are arranging the deal, Reuters reported.

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