National Bank of Oman starts marketing 5-year dollar bond

The senior unsecured bond is expected to be of benchmark size, which generally means upwards of $500mln

  
Image used for illustrative purpose. An employee of the Korea Exchange Bank counts one hundred dollar notes at the bank's headquarters in Seoul January 6, 2010.

Image used for illustrative purpose. An employee of the Korea Exchange Bank counts one hundred dollar notes at the bank's headquarters in Seoul January 6, 2010.

REUTERS/Choi Bu-Seok

DUBAI - National Bank of Oman started marketing a five-year U.S. dollar-denominated bond with an initial price guidance set in the high-200-basis-points area over mid-swaps, a document by one of the banks leading the deal showed.

The senior unsecured bond is expected to be of benchmark size, which generally means upwards of $500 million.

Bank ABC, Citi, Credit Agricole CIB, Emirates NBD Capital, First Abu Dhabi Bank, National Bank of Oman and Standard Chartered Bank are the joint bookrunners for the transaction, which is expected to price later on Tuesday.

(Reporting by Davide Barbuscia; Editing by Sunil Nair) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))


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