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FINANCIAL NEWS
Oman’s PDO raises global loan at USD 3.4bn
02 Jun 2016
(MENAFN) Petroluem Development Oman (PDO) confirmed a USD 3.4bn loan with HSBC acting as the sole global financial adviser.
Accordingly, the firm will raise a global loan to fund its operations in response to the recent low oil price environment.
Meanwhile, the five year pre-export finance facility was launched with 10 global banks, but due to strong interest, the borrower is extending the syndicate.
Moreover, over 20 banks have been approached in general syndication, while Total and Partex Oil and Gas is predcited to raise more than USD 1bn.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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