Oman gets $1.75 billion as sukuk comeback sees huge demand

Oman sold $1.75 billion in nine-year sukuk, or Islamic bonds, on Tuesday after drawing more than $11.5 billion in orders for its second international bond issuance this year, a document showed.

It launched the bonds at 4.875%, tightened from initial price guidance of 5.375%-5.5%, according to the document from one of the banks involved in the deal.

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