Omantel has launched a planned OR50m ($130m) five-year sukuk, with subscriptions open until 26 January.
Omantel (MSM:OTL) has launched a planned OR50m ($130m) five-year sukuk, with subscriptions open until 26 January.
HSBC, National Bank of Oman and Standard Chartered are arranging the issue.
In October 2015, the Omani government issued a five-year OR200m (US$520m) sukuk on the Muscat Securities Market, with Muscat Bank and Standard Chartered as lead managers. Linklaters provided legal advice.
The country’s first ever sovereign sukuk was expected to provide a benchmark, enabling domestic corporates to follow suit. That transaction was also first announced in March.
