Oman starts raising $3.5 bln loan that could go up to $4 bln - source | Reuters
Oman has started raising a $3.5 billion seven-year loan underwritten by seven regional and local banks that will help refinance a loan it took out last year, a source with direct knowledge of the deal told Reuters.
The finance ministry loan could go up to $4 billion, the source said, as the Gulf oil producer seeks to refinance the $2.2 billion loan taken out early last year.
The banks underwriting the loan include First Abu Dhabi Bank, Mashreq Bank, Abu Dhabi Commercial Bank, Gulf International Bank, Bank ABC and two Omani banks, according to the source and a report by Refintiv's IFR.
The Oman government did not respond to a request for comment.
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