Oman sets talk for up to $2 billion of five-, 10-, 30-year notes

By Christine Van Dusen

Atlanta, March 1 – Oman set initial talk for a three-tranche offering of up to $2 billion of five-, 10- and 30-year notes, a market source said.

The five-year notes were talked at a spread in the mid-swaps plus 215 basis points area.

The 10-year notes were talked in the 245 bps area over mid-swaps.

And the 30-year notes were talked in the 425 bps area over mid-swaps.

Alizz, Citigroup, Dubai Islamic Bank, Gulf International Bank, HSBC, JPMorgan and Standard Chartered Bank are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds from the issue will be used to address the sultanate’s budget deficit.

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