By Christine Van Dusen
Atlanta, April 29 – Oman Electricity Transmission Co. SAOC priced $1 billion 10-year notes (A3/BBB+) at par to yield 3.958%, or Treasuries plus 190 basis points, on Wednesday, a market source said.
The notes were talked at a spread of 200 bps to 210 bps over Treasuries.
Bank Muscat and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.
The notes were issued by special-purpose vehicle Lamar Funding Ltd.
| Issuer: | Lamar Funding Ltd.
|
| Amount: | $1 billion
|
| Maturity: | May 7, 2025
|
| Description: | Notes
|
| Bookrunners: | Bank Muscat, JPMorgan
|
| Coupon: | 3.958%
|
| Price: | Par
|
| Yield: | 3.958%
|
| Spread: | Treasuries plus 190 bps
|
| Trade date: | April 29
|
| Settlement date: | May 7
|
| Expected ratings: | Moody’s: A3
|
| Standard & Poor’s: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 200 bps to 210 bps
|
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