Monday 19 February 2018

Oman's ORPIC in talks for potential debut dollar bond sale - sources | ZAWYA MENA Edition

Oman's ORPIC in talks for potential debut dollar bond sale - sources | ZAWYA MENA Edition:

"Oman Oil Refineries and Petroleum Industries Co (ORPIC) is in talks with banks about a potential U.S. dollar-denominated bond sale, sources familiar with the matter said.

The company, owned by the government of Oman, has not appointed banks yet for the possible financing and talks are still at an early stage, said the sources.

ORPIC, which operates four industrial plants at two locations in Muscat and Sohar, has borrowed extensively in the past through project financing and bank debt, but the potential bond sale would be its first deal in the international debt capital markets."



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