Oman's electricity firm seeks advisers for $1.2 bln financing -sources | Reuters

Oman's electricity firm seeks advisers for $1.2 bln financing -sources | Reuters:

"Oman’s state-owned Electricity Holding Co. has approached banks to advise it on a capital expenditure programme worth around $1.2 billion, banking sources said on Thursday.

This would be the latest Omani foray in the international debt markets and another sign of a growing reliance on external funding after its finances were hit by a slump in oil prices.

The state company, known as Nama Holding, has sent a request for proposal to banks this week for what would be the third and final phase of a borrowing programme worth almost $6 billion, the sources said."



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