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FINANCIAL NEWS
Oman Oil Co. closes USD1bn pre-export finance facility
20 Sep 2017
(MENAFN) A deal for issuing USD1bn finance facility was inked by Oman Oil Co. Exploration and Production with pioneering lending institutions to fund its expansion programs.
Moreover, the new financing deal is structured as a crude oil pre-export facility with a tenor of 5 years and contains an accordion option to allow extra funding of USD500mn.
Meanwhile, the transaction attracted keen interest from the global finance community and closed oversubscribed by a group of global banks.
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