GCC
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Investors have not had a chance to buy a new bond or sukuk from Oman for more than two years
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The note traded higher on secondary markets on Wednesday
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Lack of bonds and sukuk from Oman should create high demand, said one observer
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Gulf investors have had very little sovereign sukuk to buy this year
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Demand was much better than similar deal from two months ago
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Low Gulf corporate bond issuance volumes prompt big book and small NIP for port operator
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The Middle East's IPO market is heating up again after a lull this year
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Local ECM issuance has suffered a major slowdown this year after a blowout 2022
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Asian buyers are limiting their involvement in Middle East bonds for all but the very best issuers
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The sovereign has already raised $16bn this year via a sukuk and a conventional bond
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Investors in Asia made up a quarter of a previous sukuk, but few took part in July’s deal
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