Mubasher: Muscat: Oman recently managed to successfully complete the requirements for $2.5 billion worth bond issue, according to Oman News Agency (ONA).
Total value of the subscription applications by 524 investors stood at more than $6 billion, the Ministry of Finance said in a statement.
The first tier worth $1 billion will be matured after five years from the issuance date with a nominal interest rate of 3.625%, while the second $1.5 billion tier will be matured after 10 years with a rate of 4.750%.
