UPDATE 1-Oman's oil firm OQ raises $750 million with 7-year bonds

UPDATE 1-Oman's oil firm OQ raises $750 million with 7-year bonds
Reuters
7 hrs ago
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By Yousef Saba
DUBAI, April 28 (Reuters) - OQ, formerly Oman Oil Company, on Wednesday sold $750 million in seven-year bonds at 5.125%, a document showed, the latest in a string of Gulf energy companies raising cash via the debt markets.
The yield was tightened from initial guidance of around 5.625% after receiving more than $4.5 billion in orders for the debt sale, the document from one of the banks on the deal showed.
Citi, HSBC, JPMorgan, First Abu Dhabi Bank, MUFG, Natixis, SMBC Nikko and Societe Generale arranged the deal.

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