Oman’s Bonds Lifted By Peaceful Power Transition: Reuters

14 Jan 2020
POSTED BY Y Magazine

Oman’s dollar-denominated bonds climbed as much 1.5 cents on Monday as investors welcomed a smooth transition of power following the passing of Sultan Qaboos Bin Said, in a report published on Reuters.



Reuters reported that the late Sultan Qaboos Bin Said – who was one of the Middle East’s longest-serving rulers and maintained a neutral stance to world politics – passed away on Friday [January 10] and his cousin His Majesty Sultan Haitham Bin Tariq Al Said was named as his successor.

Oman’s 2047 and 2048-maturing bonds rose between 1.3 and 1.5 cents in European trading, while its shorter-term 2026 and 2028-maturing bonds rose 0.4-0.6 cents.


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