Oman

Oman Oil is set to push the boundaries on banks’ country limits with a $7bn loan facility it is seeking to finance its Duqm refinery.

Oman’s sovereign 2047s fell by as much as three cash points after Standard & Poor’s last Friday lowered the sultanate’s long term foreign currency credit rating to BB from BB+.

Oman electrical distribution company Mazoon managed to print a $500m 10 year sukuk inside its sovereign’s curve on Wednesday as investors pounced on rare corporate JP Morgan Emerging Market Bond Index (EMBI) eligible paper from the Middle East.

Oman electrical distribution company Mazoon printed its $500m 10 year sukuk at the tight end of price guidance on Wednesday, with books hitting over $5bn for the note.

Oman electrical distribution company Mazoon has opened books on a 10 year sukuk with a chunky premium at mid to high 5%, leading to plenty of investor interest — despite the glut of Middle Eastern trades.

Mazoon Electricity Company is embarking on investor meetings for a dollar Reg S/144A sukuk.

Oman Electricity Holding Co (EHC) has launched its second loan this year as part of its plan to raise $2bn across six of its subsidiaries.

State-owned Abu Dhabi National Oil Co. (Adnoc) launched a $6bn debut syndicated loan this week after increasing the credit’s size and tightening pricing in response to banks’ hunger for it.

Oman Oil Company Exploration and Production (OOCEP) has signed a $1bn loan with 11 banks, the fifth loan to come from the state-owned Oman Oil group.

Oman Oil’s subsidiary, Oman Oil Company Exploration and Production (OOCEP), is to resurrect a structure for its latest loan that could help other borrowers from the sultanate to access capital markets as the country loads up on debt, writes Bianca Boorer.

Oman Oil’s subsidiary, Oman Oil Company Exploration and Production (OOCEP), is to resurrect a structure for its latest loan that could help other borrowers from the sultanate to access capital markets as the country loads up on debt.

Majan Electricity, a subsidiary of Electricity Holding Co (EHC), has kick-started the syndication of a $165m facility as part of its parent company’s overall plan to raise $2bn across its subsidiaries.