Oman hires banks for a two-tranche dollar loan

DUBAI, July 24 (Reuters) – The Oman government has hired banks to hold fixed income investor meetings in anticipation of its first bond issue in US dollars this year, according to a report by Reuters. document issued by one of the banks at the origin of the operation on Wednesday.

The Sultanate has tasked Citi, JPMorgan and Standard Chartered with coordinating the proposed agreement, which should be split into a slightly longer tranche than five years and another ten years.

The banks were also hired as joint publishers with First Abu Bank, MUFG, Natixis and Societe Generale, the document said. (Report by Davide Barbuscia edited by Gareth Jones)