Omani bond prices jump after Reuters first with news of loan deal

Reuters broke the news that the government signed a loan last week with a large group of banks for a bigger-than-expected $2.2 billion. Sources told Reuters in January that Oman, rated sub-investment grade by all major credit rating agencies, had been working with a group of banks to raise a $1.1 billion loan, which could have gone up to $2 billion depending on market appetite.