RIYADH: Oman launched a government bond offering worth up to 100 million rials ($260 million) as the Gulf state expands domestic borrowing to finance budget needs and refinance maturing debt.
According to the Oman News Agency, the Central Bank of Oman said the 84th Government Development Bonds issue carries a base size of 80 million rials, with a green shoe option of up to 20 million rials and a seven-year maturity.
Subscription runs from Aug. 16 to Aug. 20, the auction is scheduled for Aug. 23, and the bonds will settle on Aug. 25. Interest will be paid semiannually on Feb. 25 and Aug. 25 until maturity on Aug. 25, 2033.
The sale forms part of Oman’s domestic borrowing program as the government continues to fund budget needs and refinance maturing obligations through local debt markets. According to the Ministry of Finance’s first-quarter 2026 fiscal bulletin, public debt stood at 14.5 billion rials at the end of March, up 2 percent from 14.3 billion rials a year earlier.
Under the 2026 state budget, the government plans to raise approximately 850 million rails through government development bonds and sovereign local sukuk to help meet financing needs and refinance maturing obligations.
