By Sudip Roy
LONDON, May 18 (IFR) - Oman has mandated banks for a potential dual-tranche US dollar sukuk offering, according to a lead.
The government has hired Al Izz Islamic Bank, Citi, Dubai Islamic Bank, Gulf International Bank, HSBC, JP Morgan and Standard Chartered as joint lead managers and bookrunners to arrange a global call on May 22.
A seven-year US dollar 144A/Reg S benchmark sukuk will follow. An additional 12-year sukuk tranche could also be included.
Oman is rated Baa1 (stable), BB+ (negative) and BBB (stable).
(Reporting by Sudip Roy, editing by Julian Baker) ((sudip.roy@thomsonreuters.com; +44 20 7542 4617; Reuters Messaging: sudip.roy.thomsonreuters.com@reuters.net))
