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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
Issue:Notes
Amount:$3 billion
Bookrunners:Citigroup, JPMorgan, Standard Chartered Bank, First Abu Dhabi Bank, MUFG, Natixis and Societe Generale
Listing date:Aug. 1
Expected ratings:Moody’s: Ba1
Fitch: BB+
Distribution:Rule 144A and Regulation S
2025 notes
Amount:$750 million
Maturity:2025
Coupon:4 7/8%
2029 notes
Amount:$2.25 billion
Maturity:2029
Coupon:6%

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