By Christine Van Dusen
Atlanta, June 8 – Oman priced a combined $2.5 billion of notes in five- and 10-year tranches (expected ratings: Baa1/BBB-) on Wednesday, an informed source said.
The $1 billion 3 5/8% five-year notes priced at 99.887 to yield mid-swaps plus 245 basis points, following talk in the 262.5 bps area.
The $1.5 billion 4¾% 10-year notes priced at 99.827 to yield mid-swaps plus 320 bps, following talk in the 337.5 bps area.
Citigroup, JPMorgan, MUFG, National Bank of Abu Dhabi and Natixis were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general budgetary purposes.
| Issuer: | Oman
|
| Amount: | $2.5 billion
|
| Description: | Notes
|
| Bookrunners: | Citigroup, JPMorgan, MUFG, National Bank of Abu Dhabi, Natixis
|
| Trade date: | June 8
|
| Settlement date: | June 15
|
| Expected ratings: | Moody's: Baa1
|
| S&P: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| 2021 notes
|
| Amount: | $1 billion
|
| Maturity: | June 15, 2021
|
| Coupon: | 3 5/8%
|
| Price: | 99.887
|
| Spread: | Mid-swaps plus 245 bps
|
| Price talk: | Mid-swaps plus 262.5 bps area
|
|
|
| 2026 notes
|
| Amount: | $1.5 billion
|
| Maturity: | June 15, 2026
|
| Coupon: | 4¾%
|
| Price: | 99.827
|
| Spread: | Mid-swaps plus 320 bps
|
| Price talk: | Mid-swaps plus 337.5 bps area
|
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