By Christine Van Dusen
Atlanta, Sept. 28 – Oman released details on the $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-), a market source said.
The $500 million add-on to the 3 5/8% notes due 2021 priced at 100.905 to yield 3.414%, or 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 add-on to the 4¾% notes due in 2026 priced at 100.317 to yield 4.708%, or 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.
| Issuer: | Oman
|
| Amount: | $1.5 billion
|
| Description: | Add-on to notes
|
| Bookrunners: | Citigroup, JPMorgan, MUFG, National Bank of Abu Dhabi, Natixis
|
| Trade date: | Sept. 27
|
| Settlement date: | Oct. 4
|
| Expected ratings: | Moody's: Baa1
|
| S&P: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| 2021 tap
|
| Amount: | $500 million
|
| Maturity: | June 15, 2021
|
| Coupon: | 3 5/8%
|
| Price: | 100.905
|
| Yield: | 3.414%
|
| 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
|
| Amount: | $1 billion
|
| Maturity: | June 15, 2026
|
| Coupon: | 4¾%
|
| Price: | 100.317
|
| Yield: | 4.708%
|
| Spread: | Treasuries plus 315 bps
|
| Price talk: | Treasuries plus 315 bps to 320 bps
|
| Original issue: | $1.5 billion priced in June 2016 at 99.827 to yield mid-swaps plus 320 bps
|
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