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Thursday, 16 March 2017

Oman Investment Fund about to close $600 mln loan for Omantel buy -sources | Reuters

Oman Investment Fund about to close $600 mln loan for Omantel buy -sources | Reuters:

"Omani sovereign wealth fund Oman Investment Fund is about to complete syndication of a $600 million loan needed for the acquisition of the ministry of finance’s shares in Oman Telecommunications Co (Omantel), sources familiar with the situation said on Thursday.

The $600 million, five-year loan offers lenders a margin of 230 basis points over the London Interbank Offered Rate plus bank fees starting at 60 bps over Libor for the highest level of banks’ participation, the sources said.

Oman Investment Fund did not respond to an emailed request for comment.

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