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FINANCIAL NEWS
Oman inks USD3.5bn loan deal with Chinese financial institutions
03 Aug 2017
(MENAFN) Oman government has inked USD3.55bn five-year loan deal with a group of Chinese fiscal institutions, as proclaimed a press statement by the Ministry of Finance.
Additionally, the senior unsecured loan trails the Sultanate’s USD5bn multi-tranche bond and USD2bn sukuk priced earlier in the recent year.
Furthermore, the transaction viewed strong interest from a group of pioneering Chinese banks with the transaction upsized from the basic aim of USD2bn.
The USD3.55bn transaction size also shows the largest ever deal size achieved for a local borrower in the Chinese market.
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MENAFN0308201700450000ID1095686568
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