Oman’s queue for loan deals pushes issuers towards bonds

oman harbour px230 for gc
By Bianca Boorer
16 Feb 2017

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 ...

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