By Colin Hanner
Chicago, May 10 – Oman Electricity Transmission Co. SAOC sold $500 million 5.196% 10-year notes at par on Wednesday, the company said in a news release.
Initial price talk for the notes (//BBB) was in the mid-swaps plus 300 basis points area, a market source said.
The Rule 144A and Regulation S deal was priced via OmGrid Funding Ltd.
J.P. Morgan Securities plc and Bank Muscat are the stabilizing managers for the deal.
The notes are expected to settle on May 16.
| Issuer: | OmGrid Funding Ltd.
|
| Description: | Notes
|
| Amount: | $500 million
|
| Maturity: | May 16, 2027
|
| Stabilizing managers: | J.P. Morgan Securities plc and Bank Muscat
|
| Coupon: | 5.196%
|
| Price: | Par
|
| Yield: | 5.196%
|
| Trade date: | May 10
|
| Settlement date: | May 16
|
| Rating: | Fitch: BBB
|
| Distribution: | Roadshow
|
| Price talk: | 5.196%, from initial price talk of mid-swaps plus 300 bps area
|
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