National Bank of Oman S.A.O.G (NBO), has successfully closed its debut US$
300 million 3-year Syndicated Term Loan Facility which was signed on 29th
August 2019. The proceeds of the
facility will be used for general corporate purposes.
Bank ABC and Emirates NBD Capital Limited acted
as the Joint Coordinators, Initial Mandated Lead Arrangers and Bookrunners on
In addition to Bank ABC and Emirates NBD, eight
international and regional lenders committed to the facility with the facility being
over-subscribed in general syndication.
National Bank of Oman SAOG is the first Omani Bank to
be incorporated in the Sultanate of Oman in 1973 as a joint stock company,
providing conventional and Islamic banking services. The Bank’s shares are
listed on the Muscat Securities Market. NBO operates via five main segments,
namely, Retail Banking, Corporate Banking, Investment Banking, Treasury and International
Banking, and Islamic Banking.
The Bank is rated Ba1 (Negative) by Moody's.