Oman’s Ominvest unit to issue $260mln sukuk through private placement
Zawya · Staff Writer ·
The Mudaraba Trust Certificates carry a base size of OMR 80 million, with an additional greenshoe option of OMR 20 million
A unit of the Oman International Development & Investment Company (Ominvest) is issuing a 100 million rial ($260 million) unsecured, perpetual and subordinated sukuk offering through a private placement, with a coupon rate of 6.50% per annum, payable quarterly in arrears.
Oman’s Ominvest unit to issue $260mln sukuk through private placement
The Mudaraba Trust Certificates carry a base size of OMR 80 million, with an additional greenshoe option of OMR 20 million