Oman Back to Debt Markets With Multi-Tranche Dollar Bond Offering

Oman started selling US dollar-denominated multi-tranche bonds on Thursday, a document showed, as the oil producer seeks fresh funding to cover a large fiscal shortfall. Oman is selling bonds with maturities of 10 and 30 years, and it re-opened $750 million bonds due in 2025, Reuters reported according to a document issued by one of the banks leading the deal. Oman, rated below investment grade by all major credit ratings agencies, has piled up debt at breakneck speed over the past few years to offset a decline in oil prices and cover widening deficits. On Thursday, it started marketi

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