IFLR1000

Sultanate of Oman $1 billion syndicated loan

17/1/2016
Financing, Sovereign finance
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$ 1 billion

Completed

17/1/2016

Overview:

  • The Sultanate of Oman has taken out a $1 billion syndicated loan facility.
  • The loan was taken out in the context of an oil price slump and a downgrade of the country's debt by Standard and Poors.
  • Citigroup, Gulf International Bank, Natixis, National Bank of Abu Dhabi, Société Générale, Sumitomo Mitsui Financial Group, Bank of Tokyo-Mitsubishi UFJ, JPMorgan, Crédit Agricole, Standard Chartered and Europe Arab Bank acted as lenders.

Sam Duke - Editor

Jurisdictions:

Oman
United Arab Emirates

Deal types:

Financing
Sovereign finance

Practice area:

Banking

Governing law:

England and Wales

Industry sector:

Government and public policy

Firms:
Al Busaidy Mansoor Jamal & Co

Party: Citigroup (Lender)

Party: Gulf International Bank (Lender)

Party: Natixis (Lender)

Party: National Bank of Abu Dhabi (Lender)

Party: Société Générale (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: The Bank of Tokyo-Mitsubishi UFJ (Lender)

Party: JPMorgan Chase (Lender)

Party: Crédit Agricole (Lender)

Party: Standard Chartered (Lender)

Party: Europe Arab Bank (Lender)

Lawyer: Marcus Alexander Kemal Pery

Clifford Chance

Party: Citigroup (Lender)

Party: Gulf International Bank (Lender)

Party: Natixis (Lender)

Party: National Bank of Abu Dhabi (Lender)

Party: Société Générale (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: The Bank of Tokyo-Mitsubishi UFJ (Lender)

Party: JPMorgan Chase (Lender)

Party: Crédit Agricole (Lender)

Party: Standard Chartered (Lender)

DLA Piper

Party: Sultanate of Oman (Borrower)

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