by Amruth Sundarkumar | Apr 8, 2022 | Sovereign Bonds, Sovereigns
Oman’s public revenue stood at OMR 1.92bn ($4.98bn) and net oil revenues at OMR 1.1bn ($2.9bn) at the end of February 2022, up by 76% and 81% YoY respectively. Its revenue and budget surplus surged from oil prices shooting up and a higher tax collection. For the first...
by Amruth Sundarkumar | Apr 4, 2022 | Credit Ratings, Sovereign Bonds, Sovereigns
Oman was upgraded to BB- from B+ by S&P. This comes on the back of improving fiscal and debt trajectory. S&P expects Oman to benefit from higher oil prices given its reliance hydrocarbon products alongside the government’s ongoing reforms. Reforms like...
by Amruth Sundarkumar | Jan 21, 2022 | Sovereigns
Oman is said to be in talks to refinance a $2.2bn loan it took in February 2021 and aims to increase the size to $3-4bn, as per two sources. Oman initially sought to raise up to $1bn with last year’s loan but more than doubled its size due to strong appetite...
by bondevalue | Apr 5, 2021 | Sovereign Bonds, Sovereigns
The Sultanate of Oman borrowed $1.56bn from its sovereign fund, Oman Investment Authority and $4.6bn from other sources (external and internal) to partly finance its 2021 budget, the finance ministry said in its March fiscal performance report. The total borrowing of...
