Oman’s Bank Sohar hires banks for $250 mln syndicated loan - sources | Reuters:
"Bank Sohar, Oman’s fourth largest bank by assets, is seeking to raise $250 million through a syndicated loan after recently completing a $300 million debt facility, banking sources said. The bank has hired Bank ABC and Emirates NBD to lead the new transaction, which has a three-year maturity and offers a margin of 190 basis points over the London Interbank Offered Rate (Libor), said the sources. The Omani lender, which did not immediately respond to a request for comment, said in March it had closed a $300 million syndicated loan for general funding purposes."
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