New Issue: Oman’s BankMuscat prices $500 million 4 7/8% five-year notes at mid-swaps plus 230 bps

By Rebecca Melvin

New York, March 8 – BankMuscat priced $500 million of 4 7/8% five-year notes at 99.2 to yield 5.058%, or mid-swaps plus 230 basis points, according to a syndicate source on Thursday.

Pricing was tight compared to initial talk for a yield in the mid-swaps plus 250 bps area.

The Regulation S notes, being sold under the firm’s $2 billion euro medium-term note program, were marketed by Bank ABC, BankMuscat, Citigroup, Credit Agricole CIB, Emirates NBD Capital, First Abu Dhabi Bank, HSBC and ICBC Standard Bank.

BankMuscat is a financial services company based in Oman.

Issuer:	BankMuscat
Issue:	Notes
Amount:	$500 million
Maturity:	March 14, 2023
Bookrunners:	Bank ABC, BankMuscat, Citigroup, Credit Agricole CIB, Emirates NBD Capital, First Abu Dhabi Bank, HSBC and ICBC Standard Bank
Coupon:	4 7/8%
Price:	99.2
Yield:	5.058%
Spread:	Mid-swaps plus 230 bps
Pricing date:	March 7
Settlement date:	March 14
Distribution:	Regulation S
Price talk:	Mid-swaps plus 250 bps area

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.