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
- Wednesday ,08 March GMT 19:52 2017 Bank Muscat gets strong response for its $525m term loan facility
GMT 15:10 2017 Wednesday ,20 December
Global Money Exchange opens branch in SalalahGMT 19:34 2017 Friday ,15 December
UAE banks ahead of GCC peers with $720 billion asset valueGMT 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 issue
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 10:59 2018 Friday ,07 December
Houthi militia shell commercial center in Hodeidah
GMT 21:12 2017 Sunday ,10 December
UAE, Sri Lanka advancing bilateral relations
GMT 23:17 2017 Friday ,17 November
Bankers shifting from London after Brexit may face lower pay
GMT 19:21 2017 Wednesday ,08 November
Iqbal Day marked in Paris
GMT 18:14 2017 Wednesday ,31 May
A handbag? For $380k, it's yours
GMT 21:17 2017 Saturday ,21 October
EU summit to throw Britain a Brexit bone
GMT 15:45 2017 Friday ,04 August
Yemeni army liberated more areas in Shabwa
GMT 20:23 2017 Thursday ,14 September
Paul Auster tops shortlist for Man Booker prize
GMT 09:55 2017 Tuesday ,14 November
Horford leads way as Celtics win 12th straight
GMT 06:07 2018 Saturday ,06 October
S. Korea, Britain agree on cooperation for post-Brexit trade deal
GMT 18:55 2018 Wednesday ,05 September
PTI govt has taken unprecedented initiatives in short span of time
GMT 20:04 2018 Sunday ,02 September
Drive to teach food safety to housewives
GMT 08:54 2014 Monday ,17 November
German artist hits back at Bayreuth Festival
GMT 13:15 2018 Wednesday ,17 January
Bassil welcomes Ambassadors of Iraq, Hungary
GMT 18:59 2017 Tuesday ,11 April
Kazakh president says anyone joining IS to lose citizenship
GMT 15:56 2017 Sunday ,25 June
Secretary of Holy Synod hails police vigilance in foiling attack on Alex’s church
GMT 01:05 2017 Thursday ,23 March
Strawberry prices fall to Dh10 a kilogram
GMT 14:19 2016 Saturday ,12 November
GOS utilizes its expertise to equip educational institutions
GMT 18:18 2017 Thursday ,09 March
Egyptian team occupies 20th position in FIFA monthly ranking
GMT 08:33 2017 Tuesday ,14 February
Asian markets dip, dollar hit by Flynn resignation
GMT 17:24 2017 Monday ,17 April
South Korea Prosecutors Charge Former President with Corruption
GMT 15:53 2017 Wednesday ,23 August
Six dead as typhoon smashes into Macau and Hong Kong
GMT 11:41 2017 Thursday ,16 March
Doha to Host Gulf Food Industries Exhibition in April
GMT 10:58 2017 Monday ,27 February
Saudi Arabia's Aramco to invest $7 bn in Malaysia oil refinery
GMT 19:43 2017 Sunday ,05 March
FNC Speaker, Irish official discuss cooperation
GMT 20:03 2017 Thursday ,20 July
Daimler recalls 3 million diesel cars over emissions
GMT 13:01 2017 Friday ,10 March
Hohns named as Australia chief cricket selector
GMT 01:58 2017 Wednesday ,05 July
Russia `doesn`t want war` with Ukraine: Senior Diplomat
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