Oman to raise $2.85bn while 'still in the eye of the storm'

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By Mariam Meskin
16 May 2019

Oman, one of the most fiscally challenged sovereigns in the Gulf, is set to raise a $2.85bn commodity linked pre-payment facility. Natixis and Société Générale are expected to lead the transaction, according to bankers.

The deal is likely to be a three year prepayment facility of $2.85bn-$3bn based on the delivery of commodities, the bankers said.

The pre-payment facility involves Oman’s Ministry of Oil and Gas and Swiss-based commodity trading company Gunvor, and may include the use of a special purpose vehicle (SPV), ...

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