By Rebecca Melvin
New York, May 23 – Oman priced $2 billion of seven-year notes at par on Tuesday to yield 4.397%, or mid-swaps plus 235 basis points, according to a syndicate source.
Initial price talk on the notes (Baa1//BBB) was for mid-swaps plus 270 bps, and that was later guided lower to about 250 bps.
Citigroup, HSBC, JPMorgan, Standard Chartered, Alizz Islamic Bank and Dubai Islamic Bank are the joint bookrunners for the deal.
In March, Oman priced $5 billion of notes due in five, 10 and 30 years to yield at issue 3.989%, 5 7/8%, and 6.549%, respectively.
The new notes settle on June 1.
| Issuer: | Oman
|
| Amount: | $2 billion
|
| Description: | Notes
|
| Maturity: | 2024
|
| Bookrunners: | Citigroup, HSBC, JPMorgan, Standard Chartered, Alizz Islamic Bank and Dubai Islamic Bank
|
| Coupon: | 4.397%
|
| Price: | Par
|
| Yield: | 4.397%
|
| Spread: | Mid-swaps plus 235 bps
|
| Trade date: | May 23
|
| Settlement date: | June 1
|
| Ratings: | Moody’s: Baa1
|
| Fitch: BBB
|
| Price talk: | Mid-swaps plus 270 bps, revised to mid-swaps plus about 250 bps
|
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