Local debt market
A market exists for financial instruments such as Treasury Bills (T-bills), Government Development Bonds (GDBs), and Local Sovereign Sukuk (LSS), issued in local currency to finance capital projects and manage budget deficits.
T-bills, issued by the Ministry of Finance in collaboration with the Central Bank, are secure, short-term investments offering weekly opportunities for licensed commercial banks with varying maturities. GDBs are medium-term instruments featuring semi-annual interest payments over 3 to 10 years, available through competitive auctions for all investors. LSS, compliant with Sharia law (with Islamic principles), also provides medium-term investments with fixed returns at maturity. These instruments are crucial to Oman’s financial framework, enhancing participation from individuals and institutions in the financial markets.
Credit Rating Agency Reports
SP _ September 2023 SP _ September 2023
S&P _ November 2022 S&P _ November 2022
SP _ March 2023 SP _ March 2023
S&P _ April 2022 S&P _ April 2022
Research Update_Sultanate of Oman_Mar-29-2024 Research Update_Sultanate of Oman_Mar-29-2024
Oman Regains Investment Grade-1 Oman Regains Investment Grade-1
Moodys _ October 2022 Moodys _ October 2022
Moodys _ May2023 Moodys _ May2023
Moodys - Dec 2023 Moodys - Dec 2023
Fitch_ Apr 2023 Fitch_ Apr 2023
Fitch _ September 2023 Fitch _ September 2023
Fitch _ Aug 2022 Fitch _ Aug 2022
IMF Article IV Report
IMF Article IV Report 2015 IMF Article IV Report 2015
Investor relations
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Research Update_Sultanate of Oman_Mar-29-2024 Research Update_Sultanate of Oman_Mar-29-2024
Oman Regains Investment Grade-1 Oman Regains Investment Grade-1
IMF Article IV Report 2015 IMF Article IV Report 2015
Investor Presentation 2021 Investor Presentation 2021
External debt market
The external debt market is where countries issue financial instruments in foreign currencies, such as international bonds and sukuk, to raise funds from foreign investors. These funds are typically used to finance capital projects and manage budget deficits. The market is influenced by government financial and monetary policies, domestic economic conditions, and global trends.
The Sultanate of Oman has launched a sustainable sovereign financing framework designed to attract investors for environmental and social projects. Moody`s has rated this framework as SQS2, making Oman the first country in the Gulf Cooperation Council to implement a framework that complies with the international standards set by the International Capital Market Association.
نشرة إصدار الصكوك السيادية العمانية 2021 نشرة إصدار الصكوك السيادية العمانية 2021
Investor presentation
Investor Presentation 2021 Investor Presentation 2021
Release Program
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Sustainable financing framework
A framework enabling the Sultanate of Oman, through the Ministry of Finance, to issue bonds, Sukuks, and loans for financing government projects with environmental and social impacts, thus supporting sustainable development goals.
Sustainable Finance Framework Sustainable Finance Framework
Other Funding Sources
Loans are a key financing resource provided by banks and financial institutions to meet needs such as infrastructure improvements and liquidity. These loans are tailored to government requirements with fixed or variable interest rates. Additionally, the government leverages low-interest funds for development projects. Islamic finance is also one of the financing sources that operates under Sharia law (Islamic-compliant), such as partnership between lenders and borrowers, risk sharing, and asset-backed financing. In contrast, grants offer non-repayable funding for education, health, and community development projects, subject to specific criteria to ensure success and promote development.
