Commentary & Deal Flow

The Government of the Sultanate of Oman represented by the Ministry of Finance (OMAN) exp Ba3/NR/BB- US$500m (no grow) tap of 144A/Reg S 7s/12s 2-part (tap of 6.75% 10/28/27s - $1.25bn outstanding, and tap of 7.375% 10/28/32s - $750m outstanding). Citi/HSBC/NATIXIS/Stan Chart as Joint Lead Managers and Joint Bookrunners. Under the Government's Global Medium Term Note Programme. FCA/ICMA stabilisation applies. Pricing today. Settle 12/1 (T+5). Immediately fungible with the original notes. IPTs: 2027s 6.60% area, 2032s 7.375% area.