OETC bond issue receives $4.5bn in orders


هذه الصفحة متوفرة بهذه اللغة: العربية

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27 January 2021

MUSCAT (WAF)- Oman Electricity Transmission Company (OETC) received an overwhelming demand to its 10-year bonds with orders worth $4.5 billion, sources familiar with the deal’s details told WAF News.

OETC, a state-controlled company and a subsidiary of Nama Group, was initially aiming to raise $600 million with a maturity of 10 years.

According to a document issued by one of the banks leading the issue, OETC was marketing the bonds at 6.250%- 6.375%. But the company had a successful book closing at even a better yield of 5.8%; one source told WAF.