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 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to Jerusalem
GMT 22:14 2017 Monday ,20 February
Iraqi Culture Minister urges tourism companies to attract visitors
GMT 09:30 2017 Thursday ,28 December
Two injured in Quetta gas cylinder blast
GMT 05:43 2017 Thursday ,06 April
Petrochemical shares lift Saudi bourse
GMT 22:58 2017 Tuesday ,22 August
Premier thanked by Egyptian President
GMT 12:53 2017 Friday ,10 November
Ahsan Iqbal condemns Quetta blast
GMT 05:17 2017 Tuesday ,27 June
'Transformers 5' tops box office, opens at franchise lowGMT 10:44 2011 Sunday ,02 October
Rotana says Haifa Wehbe \'avoiding their calls\'
GMT 21:06 2017 Friday ,11 August
NFL: One year after anthem protest, Kaepernick frozen out of NFL
GMT 00:11 2017 Thursday ,09 November
UAE provides new batch of police vehicles to Hadramaut security department
GMT 12:25 2016 Wednesday ,14 December
Evaluation of Participating Companies Goes in Full Swing
GMT 09:43 2017 Wednesday ,11 January
Harden plays down MVP talk after latest NBA triple
GMT 00:43 2017 Thursday ,13 April
Oman issues Government Treasury bills worth OMR65 million
GMT 19:23 2016 Tuesday ,18 October
6500 tons of butane gas arrive at Suez's El Zaytiat port
GMT 08:33 2017 Thursday ,04 May
Arab Organization of Tourism praises efforts to protect tourists
GMT 19:00 2017 Saturday ,07 October
HH Shaikh Nasser attends Chechen President's birthday
GMT 18:52 2017 Wednesday ,19 April
Fox dumps embattled host over harassment allegations
GMT 23:39 2017 Friday ,14 April
Freight train begins first journey from Britain to China
GMT 09:12 2018 Thursday ,15 November
Syria, Iran discuss enhancing scientific cooperation
GMT 05:54 2018 Friday ,05 October
Putin to meet with Indian premier, sign S-400 deal
GMT 00:47 2017 Saturday ,25 March
UAE promotes respect for International Humanitarian Law
GMT 13:42 2015 Wednesday ,30 September
Bringing solitude back to Pink Floyd's 'The Wall'
GMT 12:02 2017 Friday ,29 December
20 personel ISIS di SuriahGMT 16:41 2011 Monday ,11 July
World\'s biggest Jesus statue sparks backlash in Croatia
GMT 22:28 2017 Tuesday ,31 January
Syria army recaptures areas southeast Altifor airport
GMT 08:40 2016 Friday ,20 May
Boca Juniors clinch Libertadores semifinal spot
GMT 18:14 2017 Tuesday ,30 May
Tunisian public health sector struggles to heal itself
GMT 02:22 2017 Friday ,07 April
Aviation experts to explore flight-ban solutions
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