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FINANCIAL NEWS
Oman signs unsecured term loan with Chinese institutions
05 Aug 2017
(MENAFN) Oman’s government signed a USD3.55bln unsecured term loan for five years with a group of Chinese financial institutions.
The Ministry of Finance said that term loan follows the Sultanate’s multi-tranche bond and USD2bln sukuk priced earlier this year.
Undersecretary of the Ministry of Finance stated: “We are delighted to see the strong interest and support from the Chinese financial institutions and companies to increase their investments in Oman. The transaction demonstrates the continued confidence of international investors in Oman.”
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MENAFN0508201700450000ID1095695155
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