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 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar Properties
GMT 16:42 2017 Tuesday ,05 September
Sayed happy for his participation in drama
GMT 13:03 2018 Wednesday ,05 December
Australian man arrested after podcast on 36-yr-old cold case
GMT 19:36 2017 Sunday ,22 October
Bahrain strongly condemns terror attack in Egypt
GMT 00:16 2017 Friday ,25 August
Maduro merespons sanksi ekonomi AS
GMT 01:27 2017 Thursday ,14 December
Paris Agreement crosses major milestone on way to entry into force
GMT 21:48 2017 Wednesday ,15 March
Delegation of Portuguese businessmen to visit Egypt in May
GMT 08:50 2017 Saturday ,08 April
Venezuela bans key opposition leader in tense crisis
GMT 00:25 2017 Friday ,06 October
Russia 'ready to work on' France's draft Syria resolution
GMT 08:03 2017 Tuesday ,14 March
Minister leads UAE delegation at UN
GMT 17:18 2017 Saturday ,22 April
Municipality and Environment Minister Meets Mayor of Ankara
GMT 12:46 2017 Friday ,28 April
Online videos of killings pose tricky problem
GMT 12:10 2017 Sunday ,16 April
Ghada Abdel Razek talks about her role in “The Vision”
GMT 00:41 2017 Friday ,17 November
SoftBank tipped for $25bn KSA investment in ‘unique’ deal
GMT 17:33 2016 Wednesday ,25 May
Libyan troops retake Misurata axis, advance toward Sirte
GMT 19:53 2017 Saturday ,21 October
Journalist shot dead in northern India: police
GMT 04:11 2017 Saturday ,18 November
Year-end top ranking not realistic
GMT 07:44 2017 Thursday ,28 December
Nermein Al Fekki participates in new drama show
GMT 02:04 2017 Wednesday ,25 October
Apr21/May21
GMT 02:15 2017 Sunday ,30 April
Israel grants work visa to Human Rights Watch official after initial denial
GMT 19:13 2017 Friday ,10 March
Kingdom guarantees rights of people with disabilities
GMT 11:00 2017 Monday ,17 April
HH the Emir, Ethiopian Prime Minister Hold Round of Talks
GMT 10:36 2017 Friday ,24 March
Amy Winehouse was last 'individualist'
GMT 23:21 2017 Friday ,24 March
Over 250 feared dead on ‘Black Day’ in Mediterranean
GMT 23:55 2017 Tuesday ,15 August
S. Korean President Signs Bills to Implement FTA with US
GMT 11:02 2017 Friday ,27 October
Jones wants England to learn from All Blacks
GMT 17:00 2017 Monday ,07 August
Australian Olympic legend Betty Cuthbert dies
GMT 14:29 2017 Thursday ,05 October
The Sunday Times | Home deputy editor update
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