Omantel, Oman’s majority state-owned telecommunications company, last year completed a USD2.25bn acquisition of shares in Zain Group, a regional competitor. The deal was funded with a bridge loan that was later refinanced with a term loan and the largest corporate bond issued out of the country – a dual-tranche senior secured offering which attracted a wide group of investors from around the world, including Europe, Asia and the US. We speak with Narayanan Seshan, General Manager of the Treasury at Omantel, about this deal and other “funky” financing structures emerging in the region.
Bonds & Loans is a trusted provider of news, analysis, and commentary that helps illuminate the most significant issues, events and trends impacting the global emerging credit markets.
THE MIDDLE EAST’S LARGEST VIRTUAL CORPORATE AND INVESTMENT BANKING EVENT
Dec 6, 2020
LATIN AMERICA'S ONLY VIRTUAL CONFERENCE BRINGING TOGETHER BORROWERS, INVESTORS AND BANKERS
Dec 1, 2020
THE WORLD'S LARGEST VIRTUAL PAN-AFRICAN DEBT EVENT
Nov 18, 2020
Virtual panel session hosted by Shearman & Sterling
Nov 17, 2020