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
- Monday ,27 February GMT 13:59 2017 Bank Muscat’s Meethaq signs finance deal with Drug Manufacturing Company
GMT 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 issueGMT 13:59 2017 Monday ,27 February
Bank Muscat’s Meethaq signs finance deal with Drug Manufacturing CompanyGMT 13:02 2017 Sunday ,15 January
Bank Muscat’s net profit edges up to OMR177mRussia 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 launc...Read More
GMT 18:25 2016 Wednesday ,16 March
Ministry of Foreign Affairs and International Cooperation hails co-operation and partnership ties with EU
GMT 10:04 2019 Monday ,19 August
Live a tense and noisy atmosphere
GMT 08:45 2017 Saturday ,15 April
Foreign Minister Receives WTO Delegation
GMT 17:56 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 million
GMT 08:14 2017 Saturday ,12 August
Belgium's giant omelette festival aims
GMT 13:42 2017 Sunday ,17 December
26 dead from landslides after Philippine storm
GMT 05:32 2017 Saturday ,29 April
Al Faisaliah voted ‘Best Business Hotel in Riyadh’
GMT 15:53 2016 Sunday ,22 May
PEX Report: Index Down at start of week trading
GMT 16:59 2017 Wednesday ,22 March
UAE v Japan: Mahdi Ali has selection headaches ahead of 2018 World Cup qualifier
GMT 12:39 2015 Sunday ,18 October
Surgery made me feel connected to other women
GMT 12:56 2017 Thursday ,23 November
UAE Inaugurates Digital Archaeology Exhibition
GMT 07:27 2019 Tuesday ,20 August
Think of a new strategy and give you a variety of possibilities
GMT 18:56 2014 Tuesday ,15 April
Gambia bans flights from Ebola-hit nations
GMT 04:03 2017 Tuesday ,09 May
’Baahubali 2’ becomes India’s highest-grossing movie
GMT 08:35 2018 Saturday ,20 January
Amazon's indigenous people 'never so threatened': pope
GMT 09:09 2017 Thursday ,21 September
Kagawa leads Dortmund 'fire engine' back
GMT 13:18 2013 Saturday ,13 July
Surya Brasil launches treatments for dyed and damaged hair
GMT 09:22 2017 Sunday ,05 March
UAE insurance snag for electric vehicles over repairs
GMT 13:20 2017 Monday ,14 August
53 ships transit Suez Canal
GMT 22:46 2016 Sunday ,10 April
Strong earthquake hits Afghanistan, Pakistan, India, casualty not reported yet
GMT 14:47 2018 Monday ,19 November
Terrorists’ infiltration attempts towards military posts in Hama Countryside foiled
GMT 11:05 2018 Sunday ,28 October
US builds up arsenals in Europe to deter Russia
GMT 12:50 2018 Wednesday ,19 September
Huawei sees over 100% growth in UAE smartphone sales
GMT 09:43 2017 Saturday ,08 July
Abbas offers condolences to Sisi over victims of Rafah terror attack
GMT 21:06 2017 Wednesday ,26 July
German army helicopter crashes in Mali
GMT 18:26 2017 Wednesday ,08 February
Shoukry due in Jordan to convey Sisi's message to monarch
GMT 04:15 2017 Monday ,08 May
Mercenaries killed in Jawf
GMT 12:31 2015 Sunday ,18 January
INU, the smart, high-end electric scooter
GMT 11:46 2017 Wednesday ,01 March
NBAD given green light to expand euro note programme
GMT 18:30 2016 Tuesday ,06 December
Hilton Worldwide introduces Laureate Jeddah College students to hospitality careers
GMT 14:14 2016 Friday ,23 December
Russia loses sporting events as federations act
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor