$300 Million 3-Year Syndicated Term Loan Facility for National Bank of Oman

Press release

Published September 19th, 2019 - 10:58 GMT

National Bank of Oman

Highlights

National Bank of Oman S.A.O.G (NBO), has successfully closed its debut US$ 300 million 3-year Syndicated Term Loan Facility which was signed on 29th August 2019.

National Bank of Oman S.A.O.G (NBO), has successfully closed its debut US$ 300 million 3-year Syndicated Term Loan Facility which was signed on 29th August 2019. The proceeds of the facility will be used for general corporate purposes.

Bank ABC and Emirates NBD Capital Limited acted as the Joint Coordinators, Initial Mandated Lead Arrangers and Bookrunners on the Facility.

In addition to Bank ABC and Emirates NBD, eight international and regional lenders committed to the facility with the facility being over-subscribed in general syndication.

Background Information

National Bank of Oman

Founded in 1973, National Bank of Oman was the country’s first local bank, forging a rich history with Oman’s local businesses and its economy at large. Today, it is one of the largest banks in Oman, with a paid up capital of OMR (Omani Rials) 110.8 million (US$ 288 million) and a regulatory capital of OMR 377.8 million (US$ 981 million)*.