Standard Chartered Plc is working as global coordinator to help Omans debt management office raise the funds that could be backed by the World Banks Multilateral Investment Guarantee Agency (MIGA), according to an official at the Ministry of Finance. Oman may raise the financing through a loan or bond with a potential maturity of 15 to 20 years, said the official, asking not to be identified.
The financing would help the government diversify its funding sources, extend its debt maturity profile and reduce costs, the official said. MIGA, which provides political risk insurance, is evaluating the proposal, he said.
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