Oman's Renaissance unit prices $350 mln debut bond | Reuters:
"Topaz Marine, a unit of Oman's Renaissance Services, priced its $350 million debut bond, a statement from the parent firm said on Sunday, in a rare high-yield transaction from the Gulf Arab region.
The five-year offering carried a coupon of 8.625 percent, the bourse filing from Renaissance said, adding that the issue was oversubscribed by investors. It did not elaborate.
The final interest rate was tighter than the initial guidance given on Thursday of between 8.75 and 9 percent."
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