VOL. XXXIX

No. 63

9-December-1996

OMAN

$400Mn Loan For Oman

Bahrain-based Gulf International Bank announced on 4 December that it has organized a $400mn syndicated loan for the Sultanate of Oman. The tenor of the loan is seven years and the terms are 37.5 basis points over LIBOR for years 1 to 4 and 45.0bp for years 5 to 7. The arrangers/ underwriters are: Bank of Tokyo-Mitsubishi, Chase Investment Bank, Gulf International Bank, British Bank of the Middle East, Commerzbank, Credit Lyonnais,...