Oman is looking at ‘all financing options’ following the lacklustre sale last week of a total US$2 billion bond offering, according to legal sources working with the Sultanate spoken to by OilPrice.com . Facing a budget deficit this year alone that may reach 18 per cent of GDP, according to S&P Global Ratings (S&P), and budget deficits averaging at least 15 per cent per year over the next five years, according to various analyst estimates, Oman has limited choices in extricating itself out of the financial hole dug for it by Saudi Arabia’s 2020 oil price war. The experience of the last bond offering for Oman does not augur well for competitively-priced large-scale further debt issues in the near future. The original intention was to sell around US$3-4 billion of shorter-maturity bonds (beginning at three years), which would have allowed the country to cover the US$2 billion bridge loan […]