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Oman has started talks with banks for a potential Islamic bond sale this year, Bloomberg News reported. The Gulf nation’s discussions are still preliminary. Oman last tapped the international debt market in January, when it raised $3.25 billion. The country’s debt is rated junk by all three major credit assessors. Oman’s public finances, long among the weakest in the Gulf Arab region, remain vulnerable to oil-price swings and disruptions from the global pandemic.
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