Muscat: The Oman Sovereign Sukuk Company, representing the Government of the Sultanate of Oman through the Ministry of Finance, announced on Monday the results of the auction for the 8th issue of Ijarah Sukuk, valued at OMR286 million.
According to the company's statement, the total subscription requests for this issue surpassed three times the announced value, reaching approximately OMR326.87 million.
The average acceptable return was set at 4.75 percent, with a maximum acceptable return of 4.85 percent and a minimum of 4.6 percent. The statement confirmed that the bonds will be issued today, December 30, 2024.
Profits from the Ijarah Sukuk will be distributed biannually, on June 30 and December 30, over a seven-year period, culminating in the sukuk's maturity on December 30, 2031.
