Oman Secures $2.2 Billion in Bank Loans

Oman Secures $2.2 Billion in Bank Loans

The Sultanate of Oman has secured $2.2bn through a 15-month loan as it stares at a budget deficit of OMR 2.24bn ($5.82bn) in 2021. As per Reuters sources, the loan is priced between 375-390bp over the LIBOR and comes with a 12-month extension option at the discretion...

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Minerva Raises $1bn via New Bonds to Fund Buyback 

Minerva Raises $1bn via New Bonds to Fund Buyback 

Brazilian beef company Minerva raised $1bn via a 10NC5 bond at a yield of 4.5%, 25bp inside initial guidance of 4.75% on Wednesday. Proceeds will be used to fund the buyback of up to $1.2bn of its outstanding 6.5% 2026s. Minerva is offering $1,062.80 for every $1,000...

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