Oman's Electricity Holding to raise two loans as part of $2 bln capex programme - sources

Oman's Electricity Holding to raise two loans as part of $2 bln capex programme - sources:

"Oman’s state-owned Electricity Holding Co. (EHC) is set to complete the syndication of a $165 million loan for one of its distribution companies, and has started marketing a loan of around $200 million for a second subsidiary, sources familiar with the matter said on Tuesday. The loans, part of a $2 billion capital expenditure programme for the country’s distribution and transmission network, are the latest international fundraising exercises by Oman, which has borrowed more than $10 billion through international bonds and loans this year as it seeks to refill budget coffers hit by low oil prices. EHC, which holds the Omani government’s stake in nine electricity firms, is working with Bank Muscat and JP Morgan to raise the financing, said the sources."



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