Bank Muscat signs $525 million syndicated loan agreement
Bank Muscat
Dubai - Arab Today
Bank Muscat, Oman’s largest bank by assets, has signed to obtain a $525 million syndicated loan, banking sources said.
The three-year facility pays an all-in 170 basis points over the London Interbank Offered Rate, comprising a margin of 155 bps plus 45 bps of bank fees spread over three years.
Part of the proceeds of the loan, which was coordinated by Bank ABC and National Bank of Abu Dhabi, will repay a $600 million, three-year debt facility which the Omani lender raised in 2014.
Bank Muscat was not immediately available to comment.
The new loan sees the involvement of the same banks that backed the 2014 loan, with the addition of Emirates NBD and Industrial and Commercial Bank of China, the sources said.
Bank ABC, Bank of Tokyo-Mitsubishi, Citigroup, Commerzbank, HSBC, Mizuho, National Bank of Abu Dhabi, Sumitomo Mitsui Banking Corp and Wells Fargo were involved in the 2014 loan.
Bank Muscat raised a $315 million, three-year loan in May last year, which offered all-in pricing of 200 bps.
The lender is rated Baa1 by Moody's, BBB- by Standard & Poor's and BBB by Fitch.
Source : Times Of Oman
GMT 05:44 2017 Sunday ,12 March
Bank Muscat robbers took 150,000 riyalsGMT 19:52 2017 Wednesday ,08 March
Bank Muscat gets strong response for its $525m term loan facilityGMT 20:01 2017 Wednesday ,01 March
Bank Muscat's Meethaq gets approval for OMR100m Sukuk issueGMT 13:59 2017 Monday ,27 February
Bank Muscat’s Meethaq signs finance deal with Drug Manufacturing CompanyGMT 13:02 2017 Sunday ,15 January
Bank Muscat’s net profit edges up to OMR177m
- Wednesday ,08 March GMT 19:52 2017 Bank Muscat gets strong response for its $525m term loan facility
- Monday ,27 February GMT 13:59 2017 Bank Muscat’s Meethaq signs finance deal with Drug Manufacturing Company
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 11:03 2018 Tuesday ,23 January
No end to eyesores at Taj Mahal
GMT 10:18 2018 Thursday ,30 August
Iran incapable of closing Hormuz, Bab Al Mandeb
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 10:08 2018 Wednesday ,24 January
Microsoft to open 4 data centres
GMT 05:17 2024 Wednesday ,07 February
Amazon to open first cashierless shop
GMT 19:57 2018 Tuesday ,23 January
Farm-fresh from Kerala to the UAE, in just one day
GMT 12:10 2016 Monday ,30 May
French Open braced for washout
GMT 22:24 2018 Monday ,08 January
Police arrest Israeli organ smuggling 'mastermind'
GMT 08:05 2017 Monday ,16 October
Cabinet Affairs Minister receives Iraqi ambassador
GMT 23:05 2017 Thursday ,25 May
Sharjah body calls for intensified
GMT 03:09 2016 Tuesday ,12 April
Israel responsible for 'dozens' of airstrikes in Syria
GMT 10:52 2015 Wednesday ,25 March
Sheikha Manal to host Art Exhibition
GMT 06:19 2017 Saturday ,08 July
Barcelona court replaces Messi's prison sentence with $290,000 fine
GMT 00:36 2017 Sunday ,19 March
World’s fastest free Wi-Fi at Dubai AirportsGMT 04:15 2011 Tuesday ,15 November
McGowan in Dolce&Gabbana dress
GMT 22:55 2017 Saturday ,15 July
Jordan urges Israel to “immediately” open Al-Aqsa Mosque
GMT 15:55 2014 Thursday ,24 April
\'When You Leave This Way\', first unfairytale and almost biographical novelGMT 15:34 2012 Thursday ,29 November
Katy Perry announces fragrance partnership
GMT 18:31 2016 Tuesday ,05 April
Ras AL Khaimah to host young global leaders debate
GMT 12:34 2017 Friday ,02 June
12-year-old Indian-American girl wins National Spelling Bee
GMT 05:42 2018 Saturday ,20 January
Trashy literature? No such thing for Turkish refuse collectors
GMT 14:21 2018 Tuesday ,09 January
ICSK Senior organizes yuletide festivities and holiday carousing
GMT 16:13 2017 Friday ,24 February
Sharjah Ruler launches third phase of Arabic learning initiative
GMT 14:50 2017 Wednesday ,08 November
UAE construction projects' value rises to almost Dh3T
GMT 21:05 2017 Saturday ,09 September
Pakistan among top 50 countries with high terror
GMT 11:48 2017 Sunday ,29 January
Google, Facebook show tech dismay on new immigration order
GMT 10:46 2017 Tuesday ,01 August
UK proposes new start-up fund as EU finance risks drying up
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor