Oman Electricity offers 10-year bonds at mid-swaps plus 300 bps area

By Colin Hanner

Chicago, May 9 – Oman Electricity Transmission Co. SAOC is offering 10-year senior unsecured bonds with initial price talk in the mid-swaps plus 300 basis points area, a market source said.

OmGrid Funding Ltd. will issue the Rule 144A and Regulation S deal.

J.P. Morgan Securities plc and Bank Muscat are the stabilizing managers for the deal.

A roadshow for the notes wrapped up on Monday.

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