Published on 8/1/2019 in the Prospect News Emerging Markets Daily.
New Issue: Oman sells $3 billion 4 7/8% notes due 2025, 6% notes due 2029
By Marisa Wong
Los Angeles, Aug. 1 – The government of the Sultanate of Oman issued $750 million of 4 7/8% notes due 2025 and $2.25 billion of 6% notes due 2029, according to notices.
Citigroup, JPMorgan, Standard Chartered Bank, First Abu Dhabi Bank, MUFG, Natixis and Societe Generale are joint lead managers and bookrunners of the Rule 144A and Regulation S deal, as previously reported.
Issuer: | Sultanate of Oman
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Issue: | Notes
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Amount: | $3 billion
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Bookrunners: | Citigroup, JPMorgan, Standard Chartered Bank, First Abu Dhabi Bank, MUFG, Natixis and Societe Generale
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Listing date: | Aug. 1
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Expected ratings: | Moody’s: Ba1
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| Fitch: BB+
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Distribution: | Rule 144A and Regulation S
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2025 notes
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Amount: | $750 million
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Maturity: | 2025
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Coupon: | 4 7/8%
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2029 notes
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Amount: | $2.25 billion
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Maturity: | 2029
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Coupon: | 6%
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