Financial and Banking News

LOANS AND ISSUES

The Sultanate of Oman on 30 January signed agreements for two credit facilities a $300mn loan and a $100mn note issuance facility - to help finance development projects and cover the budget deficit. The $300mn eight-year loan arranged by Gulf International Bank (GIB) with co-arrangers National Bank of Oman and Oman International Bank, and provided by a total of 39 financial institutions was slightly oversubscribed, with commitments reduced from...