Oman Electricity Transmission Company $1 billion 3.958% notes issue

Overview:

• The Oman Electricity Transmission Company (OETC) has undertaken a $1 billion notes issue.
• The 3.958% notes due 2025 were issued on the Irish Stock Exchange and under Rule144A/Reg S through the Lamar Funding SPV.
• Bank Muscat and JPMorgan Securities acted as joint lead managers.
• OETC is Oman's main electricity transmission network operator and the deal represents its first investment grade issue into the international capital markets. It is also the largest international Omani debt issue to date.

Sam Duke - Editor