Oman Electricity Transmission Company offers international bonds

The company has succeeded in attracting investor interest by offering bonds worth $600mln for 10 years in the international markets

  

Muscat: The Oman Electricity Transmission Company has succeeded in attracting investor interest by offering bonds worth 600 million US dollars for 10 years in the international markets.

A statement issued online by Oman News Agency (ONA), said: "Oman Electricity Transmission Company succeeds in attracting investor interest by offering bonds worth 600 million US dollars for a period of 10 years in international markets, which will mature in February 2031, at an interest rate of 5.8 per cent."

The company’s statement said that the proceeds of the offering will be used, "To finance some of the current loans, finance the company's capital spending program, and implement infrastructure development plans in the Sultanate."

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