Bank Sohar to raise $ 250 million syndicated loan

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هذه الصفحة متوفرة بهذه اللغة: العربية

5 June 2018

Muscat (WAF): Bank Sohar is seeking a syndicated loan of $250 million, banking sources told Reuters.

The bank has hired Bank ABC and Emirates NBD to lead the new transaction, which has a three-year maturity and offers a margin of 190 basis points over the London Interbank Offered Rate (Libor), the sources told Reuters. It was not possible for WAF to verify the information with Bank Sohar immediately.

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“Bank Sohar is majority owned by the government of Oman, which has a 61.29 percent share in the bank held directly and indirectly through public entities”, Reuters’ report said. The international news agency reported in March a similar loan of $ 300 million by the Omani bank.