Lutz Roehmeyer

#Oman tightens price on $2bn #sukuk amid rush of orders

Oman's $2bn sukuk sale lured orders for more than three times the issue size. The sultanate set final terms on its seven year sukuk at 235 basis points over the mid-swap rate, from initial guidance of about 270 basis points. Landesbank Berlin Investor Lutz Roehmeyer said there was a good demand and now a rush to get an allocation with accepting even less yield. Alizz islamic bank, Citigroup, Dubai Islamic Bank, Gulf International Bank, HSBC Holdings, JPMorgan Chase and Standard Chartered are managing the deal. The country's last foray into international debt markets was a $5bn three part offering of dollar bonds in March.

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