Oman tapping existing bonds for $500mln -document

Citi, HSBC, Natixis and Standard Chartered are arranging the deal

  
Image used for illustrative purpose. A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015.

Image used for illustrative purpose. A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015.

REUTERS/Gary Cameron

DUBAI  - Oman is offering $500 million of bonds due in 2027 and 2032 for sale in a tap of outstanding issues, a document from one of the banks arranging the reopening showed on Monday.

Oman gave initial price guidance for the tap of around 6.6% for the bonds due in 2027 and around 7.2% for the bonds due in 2032, the document showed. The deal is expected to close later on Monday.

Citi, HSBC, Natixis and Standard Chartered are arranging the deal.

(Reporting by Yousef Saba; Editing by Catherine Evans) ((Yousef.Saba@thomsonreuters.com; +971562166204))

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