Oman Electricity Transmission issues $600m international bonds
12 Feb 2021 - 9:08
QNA MUSCAT
The Oman Electricity Transmission Company has succeeded in attracting investor interest by offering bonds worth $600 million, due in February 2031, at an interest rate of 5.8 percent. The companys statement stated that this is the first offering made by a government-related entity outside the Sultanate of Oman since 2018 and the return of the Oman Electricity Transmission Company to the financial markets after a four-year hiatus as the offering benefited from the improvement in investors willingness to invest in the Sultanate, which enhances the strategic importance of the Group Namaa Holding, its subsidiaries in the Sultanate and the international financial markets, and for investors alike.