Published on 3/12/2021 in the Prospect News Emerging Markets Daily.
New Issue: Oman’s Bank Muscat prices $500 million 4¾% five-year notes
By Rebecca Melvin
New York, March 12 – Bank Muscat SAOG priced $500 million 4¾% notes due 2026, according to market sources.
Pricing for the deal came below initial price thoughts of 5% to 5 1/8%.
Bank ABC, Bank Muscat, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan, Mizuho, MUFG and Standard Chartered Bank were bookrunners for the Regulation S-only notes.
The paper is being issued under the bank’s euro medium-term note program and will be listed on the Irish Stock Exchange.
The financial services company is based in Muscat, Oman.
| Issuer: | Bank Muscat SAOG
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| Issue: | Notes
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| Amount: | $500 million
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| Maturity: | Five years
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| Bookrunners: | Bank ABC, Bank Muscat, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan, Mizuho, MUFG and Standard Chartered Bank
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| Coupon: | 4¾%
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| Pricing date: | March 10
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| Distribution: | Regulation S
|
| Talk: | 5%-5 1/8%
|
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