NO. 5


Financial and Banking News

Loans & Issues

Oman Signs $300mn Syndicated Loan

Oman's Deputy Prime Minister for Financial and Economic Affairs, Mr. Qaisibn 'Abd al-Mun'im al-Zawawi, signed on 28 October a $300mn syndicated loan inwhich 27 foreign and domestic banks are participating. The loan will be for fiveyears and will carry interest at 1/2% over Libor for the first two years and5/8% over Libor for the remaining three years. The credit will be used by Omanin...