Oman and Abu Dhabi State-Owned Companies to Issue Debut Bonds
Apr 29 2021, 12:46 AM
April 28 2021, 2:35 PM
April 29 2021, 12:46 AM
(Bloomberg)
(Bloomberg)
Omani state energy company OQ SAOC and Abu Dhabi Ports Co. PJSC are set to issue bonds in their first foray into the international fixed-income market.
OQ is looking to raise at least $500 million as the government seeks to leverage some of its hydrocarbon assets to bolster its finances, according to people familiar with the matter. It has hired Citigroup Inc., HSBC Holdings Plc and JPMorgan Chase & Co. to work on the seven-year dollar bonds, which may be issued Wednesday, the people said. The initial yield talk is around 5.625%.