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
GMT 15:10 2017 Wednesday ,20 December
Global Money Exchange opens branch in SalalahGMT 19:34 2017 Friday ,15 December
UAE banks ahead of GCC peers with $720 billion asset valueGMT 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 issue
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia 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 launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 04:44 2017 Monday ,23 January
Top-ranked Murray and Kerber crash
GMT 13:28 2017 Tuesday ,28 February
Officials vow to boost standards at Pakistan curriculum schools
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower note
GMT 12:08 2018 Wednesday ,17 October
Attempts to make Chechnya, Ingushetia disagree over border
GMT 17:00 2018 Thursday ,04 October
Apple, Amazon deny report on Chinese hardware attack
GMT 20:52 2017 Monday ,06 November
FAB secures AED8.09 billion in net profits in nine months
GMT 19:17 2016 Monday ,15 August
Oil Prices Rise in Early Asian Trade Monday
GMT 23:43 2017 Wednesday ,29 November
Emaar logs AED4.347 billion in nine-month net profit
GMT 01:23 2017 Friday ,08 September
Moody's: Global renewable energy cost declines prompt surge in growth
GMT 03:05 2016 Friday ,16 December
IOF Arrest 27 in West Bank Raids in addition to 16 detained
GMT 12:56 2017 Saturday ,25 November
Dozens killed, injured in Sinai terror attack
GMT 12:31 2017 Friday ,03 March
Ending epic wait, Lorde returns with dance track
GMT 14:56 2018 Monday ,26 November
Malaysia warns about internet terrorists
GMT 04:27 2018 Tuesday ,25 September
"S-300 missile system" Russia to upgrade Syrian air defences
GMT 22:12 2016 Tuesday ,03 May
Navigation movement not affected by container fire
GMT 19:34 2017 Sunday ,31 December
Seventeen judges sworn in before Sheikh Mohammed bin Rashid
GMT 07:36 2017 Sunday ,24 December
Yasser Arafat was poisoned to death
GMT 23:34 2017 Saturday ,23 December
Image Nation's Arabic-language feature to debut
GMT 15:15 2016 Tuesday ,13 September
’Lion’ roars at the Toronto film festival
GMT 19:00 2016 Wednesday ,27 January
Russian starlets dominate European short program
GMT 15:35 2017 Thursday ,19 January
Saudi security forces track down six terrorists from one family
GMT 12:12 2017 Monday ,10 April
Police Detonate 'Bomb-Like Device' in Oslo
GMT 13:33 2017 Thursday ,14 December
Aid group: At least 6,700 Rohingya killed in Myanmar
GMT 21:57 2017 Wednesday ,02 August
Christmas Gift Guide - Amor Magazine
GMT 09:11 2017 Thursday ,18 May
Turkish lawmakers elect judicial board under new constitution
GMT 14:51 2017 Monday ,01 May
Chile’s governing coalition splits ahead of November election
GMT 05:14 2017 Tuesday ,19 September
Kenya dump dwellers make a living recycling hair
GMT 17:58 2017 Sunday ,22 October
Iraq Prime Minister arrives on Saudi visit
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