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FINANCIAL NEWS
Oman raises USD3.6bn from Chinese banks
10 May 2017
(MENAFN) Oman aims an USD3.6bn five-year bullet term loan from Chinese banks, while Oman’s finance ministry is self-arranging the senior unsecured deal.
In addition, Bank of China, China Development Bank and Industrial and Commercial Bank of China are the mandated lead arrangers.
Moreover, mandated lead arrangers with commitments of USD500mn or above will earn an all-in pricing of 210bp over Libor based on an upfront fee of 100bp.
Meanwhile, the Mideast nation’s loan follows in the footsteps of an USD600mn facility for its sovereign wealth fund Oman Investment Fund.
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MENAFN1005201700450000ID1095465278
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