VOL. XL

No. 45

10-November-1997

OMAN

Omani Bond Issues In Offing

Following the sovereign debut of the Sultanate of Oman on the international debt marketearlier this year (MEES, 10 March), the prospect of two Eurobond issues totaling$175mn to be offered by Omani corporates appeared last week. The first and largest is a$150mn offering by the United Power Company (UPC), the operator of the al-Manah powerstation. The timing and structure of the issue are not yet known, bankers in the Gulf say,but...