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, and tap of 7.375% 10/28/32s). 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.
  GUIDANCE: 2027 tap 6.45% area, 2032 tap 7.05% area. Combined books in excess of USD 1.5bn (no notable skew). Global books to go subject 09.00 NYT / 14.00 LDN / 18.00 DXB / 21.00 HK.
  LAUNCHED: $200m tap of 2027s at 6.30%; $300m tap of 2032s at 6.90%. Combined books in excess of USD 3.0bn (no notable skew). Global books are subject.
  

PRICED:
$200m tap of 6.75% 10/28/27 at 102.482 (plus 33 days of ai), yld 6.30%. Total outstanding now $1.45bn.
$300m tap of 7.375% 10/28/32 at 103.806 (plus 33 days of ai), yld 6.90%. Total outstanding now $1.05bn.