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Oman tightens guidance for dual-tranche dollar bonds - document

Wed, 21st Oct 2020 13:11

DUBAI, Oct 21 (Reuters) - Oman has tightened the price
guidance for a two-part U.S. dollar-denominated bond issuance
comprising seven- and 12-year bonds and received over $3.4
billion in orders for the debt sale, according to a document
seen by Reuters, in the Gulf state's first international bond
issue this year.

The document, issued by one of the banks leading the deal,
showed Oman tightened the guidance to a yield of 6.75-6.875% for
the seven-year tranche and 7.375-7.5% for the 12-year tranche.
It began marketing them in the 7.0% area and 7.625% area
respectively.

(Reporting by Yousef Saba; Editing by Kevin Liffey)

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