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28-Sep-2016

Oman launches USD1.5bn tap of US dollar bonds

Oman has launched a combined USD1.5bn tap of its June 2021 and June 2026 bonds, according to a lead. The five-year tranche will raise USD500mn at 235bps over US Treasuries, while the 10-year note will be for USD1bn at plus 315bps. Initial guidance was plus 240bp area and plus 325bp area, respectively. Oman is rated Baa1 by Moody's and BBB- by S&P. (Reuters)

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