Published on 11/20/2020 in the Prospect News Emerging Markets Daily.
New Issue: Oman sells $2 billion in 6¾% notes due 2027, 7 3/8% notes due 2029
By Cady Vishniac
Detroit, Nov. 20 – The government of the Sultanate of Oman sold $1.25 billion of 6¾% notes due Oct. 28, 2027 and $750 million 7 3/8% notes due Oct. 28, 2032 (Ba3//BB-), according to notices with the London Stock Exchange.
Bank muscat SAOG, Citigroup Global Markets Ltd., First Abu Dhabi Bank PJSC, HSBC Bank plc, Natixis, Societe Generale and Standard Chartered Bank are joint lead managers and bookrunners of the Rule 144A and Regulation S deal.
Proceeds will be used for general budgetary purposes, including the repayment of a $2 billion bridge facility obtained in August.
| Issuer: | Sultanate of Oman
|
| Issue: | Notes
|
| Amount: | $2 billion
|
| Bookrunners: | Bank muscat SAOG, Citigroup Global Markets Ltd., First Abu Dhabi Bank PJSC, HSBC Bank plc, Natixis, Societe Generale and Standard Chartered Bank
|
| Issue date: | Oct. 26
|
| Listing date: | Oct. 28
|
| Ratings: | Moody’s: Ba3
|
| Fitch: BB-
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| 2025 notes
|
| Amount: | $1.25 billion
|
| Maturity: | Oct. 28, 2027
|
| Coupon: | 6¾%
|
| Price: | Par
|
| Yield: | 6¾%
|
|
|
| 2029 notes
|
| Amount: | $750 million
|
| Maturity: | Oct. 28, 2032
|
| Coupon: | 7 3/8%
|
| Price: | Par
|
| Yield: | 7 3/8%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
