MUSCAT : The Omani Sovereign Sukuk Company, acting on behalf of the Government of the Sultanate of Oman represented by the Ministry of Finance, announced the results of the subscription to the tenth issue of local sovereign sukuk, valued at RO 200 million.
According to the statement issued today, total subscription requests reached approximately RO 276.6 million, reflecting an oversubscription of the issue. The average acceptable return was set at 4.11%, with returns ranging between a minimum of 4.07% and a maximum of 4.15%.
The sukuk are being issued today, with returns payable semi-annually on June 25 and December 25. The instruments carry a seven-year tenor, maturing on December 25, 2032.
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