Post by congregatio on Sept 30, 2013 2:51:37 GMT 4
Omani Central bank chief Hamood Sangour al-Zadjali said on Sunday Oman’s government may issue an international sovereign bond and an Islamic bond next year
It was still too early to provide details on the size of the bonds. His comments were in line with previous remarks by government officials; the country faces increasing pressure on its state finances because of rising expenditure, which is expected to prompt it to return to the international debt market for the first time since 1997.
“The planned sovereign bond is still in discussions. We could issue next year,” Zadjali told Reuters on the sidelines of a meeting of Arab central bank governors in Abu Dhabi.
It was still too early to provide details on the size of the bonds. His comments were in line with previous remarks by government officials; the country faces increasing pressure on its state finances because of rising expenditure, which is expected to prompt it to return to the international debt market for the first time since 1997.
“The planned sovereign bond is still in discussions. We could issue next year,” Zadjali told Reuters on the sidelines of a meeting of Arab central bank governors in Abu Dhabi.