Oman’s queue for loan deals pushes issuers towards bonds
With four big loan deals already in the market for Omani borrowers this year and more expected, bankers are concerned that lenders could fast run up against country limits. With a big hole to plug in Oman's budget, spillover to the bond market looks inevitable, writes Bianca Boorer.
The latest deal to hit the loan market is from Electricity Holding Co (EHC), a state company that owns nine Omani electricity and water companies.It has tasked JP Morgan and Bank Muscat with co-ordinating $2bn of long dated debt, possibly including loans and bonds. That is a big jump ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com