Business & Finance

Omani bond prices jump after Reuters first with news of loan deal

Reuters broke the news that the government signed a loan last week with a large group of banks for a bigger-than-expected $2.2 billion. Sources told Reuters in January that Oman, rated sub-investment grade by all major credit rating agencies, had been working with a group of banks to raise a $1.1 billion loan, which could have gone up to $2 billion depending on market appetite.

Market Impact

Omani bonds jumped after the Reuters report was published.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & FinanceEconomy & PolicyEquitiesFX & Fixed Income
Regions: Middle East
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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