Oman Sovereign Sukuk Company, acting on behalf of the Government of the Sultanate of Oman through the Ministry of Finance, has raised RO120mn through a new sovereign sukuk issuance that was nearly 2.5 times oversubscribed.
Earlier this month, the company launched the 11th issuance of local sovereign sukuk, initially sized at RO100mn with a greenshoe option of up to RO20mn. The sukuk carries a five-year maturity and offers an annual profit rate of 4.2%. [...]