Oman raising up to $2 bln loan with mostly regional banks — sources

SourceArab News
SectorFinancial Services
CountryOman

Oman raising up to $2 bln loan with mostly regional banks — sources Oman raising up to $2 bln loan with mostly regional banks — sources Oman started talks with banks for a new loan of at least $1 billion in November. (File/Shutterstock) Short Url Oman raising up to $2 bln loan with mostly regional banks — sources Oman started talks with banks for a new loan of at least $1 billion in November Part of the new loan will refinance a $1 billion debt facility due in January Updated 12 January 2021 Follow @arabnews DUBAI: Oman is looking to raise up to $2 billion with a loan arranged mostly by local and regional lenders, as international banks tread carefully due to the deterioration of its credit profile, sources said. Oman started talks with banks for a new loan of at least $1 billion in November, sources told Reuters at the time, as it geared up for heavy debt redemptions. It is now working with a group of banks to raise a $1.1 billion facility which could go up to $2 billion in size depending on market appetite, two sources familiar with the matter said. The banks leading the deal are HSBC, Mashreqbank, Gulf International Bank, Bank Muscat and Bank...read more...