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Oman plans three-part bonds in first issue of 2020 - document

Mon, 19th Oct 2020 11:17

DUBAI, Oct 19 (Reuters) - Oman has hired a group of banks to
arrange investor calls ahead of a planned three-tranche issuance
of U.S. dollar-denominated bonds, a document showed on Monday,
as it seeks to shore up its finances hit by weak oil prices and
the coronavirus crisis.

Oman hired Bank Muscat, Citi, First Abu
Dhabi Bank, HSBC, Natixis, Societe
Generale and Standard Chartered to arrange
the investor calls, the document from one of the banks arranging
the deal showed. An issuance comprising three, seven and 12-year
tranches would follow, subject to market conditions.
(Reporting by Yousef Saba;
Editing by Alison Williams)

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