DUBAI: OQ, formerly Oman Oil Company, on Wednesday gave initial price guidance of around 5.625% for U.S. dollar-denominated seven-year bonds, a term sheet reviewed by Reuters showed.

Citi, HSBC, JPMorgan, First Abu Dhabi Bank, MUFG, Natixis, SMBC Nikko and Societe Generale are arranging the deal, which is expected to launch later on Wednesday, the term sheet showed.

 

(Reporting by Yousef Saba; Editing by Andrew Cawthorne) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))