Financial and Banking News


Oman Credit Facilities Well Received

Two related facilities arranged by Gulf International Bank (GIB) for the Sultanate of Oman have been very warmly received by the market. The first, a $100mn note issuance facility was underwritten by GIB alone and has a lifetime of five years. Notes are issued in denominations of $100,000 and $500,000 with three and six-month maturities at a margin pegged at 0.125% over Libor. A management fee of 20 bps is...