Omantel confirms its intention to issue fixed income instruments
Omantel [OTL.OM] just announced on the MSM website that it received a “no objection” from the Capital Markets Authority (CMA) to issue a fixed-income Sukuk instrument. The company has picked Standard Chartered Bank as sole structuring advisor and HSBC, National Bank of Oman and Standard Chartered as joint placement agents. The Sukuk transaction will be denominated in either USD or OMR and subject to market conditions (Company disclosure) Omantel: OMR1.56 as of 11 January 2016, Rating: Buy, FV: OMR1.87 per share, MCap: USD3,000 million, OTEL OM / OTL.OM
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