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GC Asia
Oman Electricity Transmission Company follows sov steps, goes for dollars
Oman Electricity Transmission Company, a partially state-owned utility company, entered the market on Wednesday for a dollar bond, just two weeks after the high yielding sovereign raised a dollar offering.
The issuer, rated Ba3/BB- by Moody’s and Fitch, raised $600m with a Reg S/144A senior unsecured bond with a maturity of 10 years.
Bank ABC, First Abu Dhabi Bank, JP Morgan, National Bank of Oman and Standard Chartered led the deal, which was priced on Wednesday afternoon ...Already a subscriber? Login
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