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FINANCIAL NEWS
Oman’s OETC raises USD500mn from global markets
11 Jun 2017
(MENAFN) The Oman Elect Transmission Co. (OETC) proclaimed that it has raised an USD500mn from the international bond market currently.
Additionally, the bonds, which will expire by 2027, are a 10-year Reg S/ 144A bond issued at a fixed interest rate of 5.196 percent.
Meanwhile, the bond received oversubscription of eight times, and the pricing was tightened by 15 bps to Mid-swaps +285 bps.
The final order book covered of 31 percent Asian investors, 24 percent European investors, 16 percent British investors and 14 percent American investors.
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