By Christine Van Dusen
Atlanta, Sept. 27 – Oman priced $1.5 billion in taps of its 3 5/8% notes due June 15, 2021 and its 4¾% notes due June 15, 2026 (expected ratings: Baa1/BBB-) on Tuesday, a market source said.
The $500 million 3 5/8% notes due 2021 priced to yield Treasuries plus 230 basis points. The notes were talked at Treasuries plus 230 bps to 235 bps.
The original $1 billion 3 5/8% five-year notes priced in June at 99.887 to yield mid-swaps plus 245 bps, following talk in the 262.5 bps area.
The new $1 billion 4¾% notes due in 2026 priced to yield Treasuries plus 315 bps. The notes were talked at a spread of Treasuries plus 315 bps to 320 bps.
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 Rule 144A and Regulation S deal.
Other details on the new deals were not immediately available on Tuesday.
Issuer: | Oman
|
Amount: | $1.5 billion
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Description: | Notes
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Bookrunners: | Citigroup, JPMorgan, MUFG, National Bank of Abu Dhabi, Natixis
|
Trade date: | Sept. 27
|
Expected ratings: | Moody's: Baa1
|
| S&P: BBB-
|
Distribution: | Rule 144A and Regulation S
|
|
2021 tap
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Amount: | $500 million
|
Maturity: | June 15, 2021
|
Coupon: | 3 5/8%
|
Spread: | Treasuries plus 230 bps
|
Price talk: | Treasuries plus 230 bps to 235 bps
|
Original issue: | $1 billion priced in June 2016 at 99.887 to yield mid-swaps plus 245 bps
|
|
2026 tap
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Amount: | $1 billion
|
Maturity: | June 15, 2026
|
Coupon: | 4¾%
|
Spread: | Treasuries plus 315 bps
|
Price talk: | Treasuries plus 315 bps to 320 bps
|
Original issue: | $1.5 billion priced at 99.827 to yield mid-swaps plus 320 bps
|
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