Trustee: EDO Sukuk
Obligor: EDO Gas
Guarantor: Energy Development Oman
Size: $1 billion
Structure: Al-ijara/murabaha
Tenor: 10 years
Banks: JPMorgan and Standard Chartered (global coordinators, joint lead managers and bookrunners); Abu Dhabi Commercial Bank, Arab Bank, Bank Muscat, Dubai Islamic Bank, First Abu Dhabi Bank, KFH Capital, National Bank of Oman, Mashreq Bank (joint lead managers and bookrunners)
Date: September 2023
Institutional investors are almost always engaged by a good credit story and rarity value, so when Oman’s national energy champion emerged with its debut and the country’s first international debt issue since 2021, it was sure to draw strong interest and demand.
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