State-owned Oman Gas Co. is working with a group of banks to raise a bridge loan of slightly over USD1bn, which will later be refinanced via a US dollar bond issue, sources familiar with the matter said. The natural gas transport company, which was bought by state-owned Oman Oil Company in 2013, will use the financing for capex purposes and to purchase assets from the government, the sources said. One of the sources said the loan talks were at an early stage with "a lot of building blocks" still needed before it can be completed.
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