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Published on 9/21/2016 in the Prospect News Emerging Markets Daily.

Oman plans to tap dollar-denominated notes due in five, 10 years

By Christine Van Dusen

Atlanta, Sept. 21 – Oman is looking to tap its dollar-denominated notes due June 15, 2021 and 2026 (expected ratings: Baa1/BBB-), a market source said.

Other details were not immediately available on Wednesday.

The original $1 billion 3 5/8% five-year notes priced in June at 99.887 to yield mid-swaps plus 245 basis points, following talk in the 262.5 bps area.

The original $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 original Rule 144A and Regulation S deal.

The proceeds were to be used for general budgetary purposes.


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