National Bank of Oman hires banks for $300mln loan facility

The facility has a tenor of three years, and the proceeds of will be utilized for NBO's general corporate purposes

  
A general view of the National Bank of Oman in Muscat. Image used for illustrative purpose.

A general view of the National Bank of Oman in Muscat. Image used for illustrative purpose.

REUTERS/STR New

DUBAI - National Bank of Oman has appointed Bank ABC and Emirates NBD to arrange a $300 million syndicated term loan facility, it said on Wednesday.

The facility has a tenor of three years, and the proceeds of will be utilized for NBO's general corporate purposes, the statement said.

General syndication was launched on Tuesday with regional and international lenders invited to participate, the bank said.

(Reporting by Saeed Azhar Editing by David Goodman) ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))


More From Financial Services