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Published on 7/17/2015 in the Prospect News Emerging Markets Daily.

New Issue: Oman’s Renaissance Services prices $125 million 7.9% perpetual notes

By Christine Van Dusen

Atlanta, July 17 – Oman’s Renaissance Services SAOG sold $125 million 7.9% perpetual notes at par to yield 7.9% on Thursday, a market source said.

Bank Sohar SAOG, National Bank of Oman SAOG and Standard Chartered Bank were the bookrunners for the Regulation S deal.

The issuer provides services to the oil and gas industry.

Issuer:Renaissance Services SAOG
Amount:$125 million
Maturity:Perpetual
Description:Notes
Bookrunners:National Bank of Oman SAOG, Bank Sohar SAOG, Standard Chartered Bank
Coupon:7.9%
Price:Par
Yield:7.9%
Trade date:July 16
Settlement date:July 29
Distribution:Regulation S

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