Oman’s 12th issue of local sovereign sukuk drew subscription applications worth about RO273.2 million for an issue valued at RO150 million, Oman Sovereign Sukuk Company said on Tuesday, according to the Oman News Agency.
The company issued the sukuk on behalf of the government, represented by the Ministry of Finance. The average accepted profit rate was 4.82%, with accepted rates ranging from 4.75% to 4.85%.
The issue was launched on October 18 with a base size of RO100 million, an option to increase it by up to RO50 million and a profit rate of 4.85%.
The sukuk will be issued on Thursday, October 29. Returns will be paid four times a year, on January 29, April 29, July 29 and October 29, until maturity on October 29, 2033.
