Oman raised USD3bn with its first foray in the international debt markets this year after receiving strong demand from global investors hunting for high returns in a low yield environment. Investors made orders worth nearly USD14bn for papers offered at a final yield of 4.95% for the long five-year bonds, due in February 2025, and 6% for the 10-year paper, according to a document issued by one of the banks leading the debt sale. That is below an initial price guidance of around 5.375% and 6.375% on Thursday. Oman issued USD750 million in 5-1/2 year and USD2.25bn in 10-year bonds, a separate document showed. Sources previously said the bonds would likely be USD2bn in size and be used to cover part of Oman’s budget deficit, estimated at nearly USD7.3bn this year.