21 July 2016
Clifford Chance advises on US$100 million National Bank of Oman tap issuance
Clifford Chance's Dubai Office has advised Crédit Agricole Corporate and Investment Bank and National Bank of Abu Dhabi P.J.S.C. as joint lead managers on the tap issuance by the National Bank of Oman SAOG of US$100 million 3.125% notes due 2019 (to be consolidated, become fungible and form a single series with the US$500 million 3.125% notes due 2019 issued on 7 October 2014), under the Irish Stock Exchange listed US$600 million euro medium term note programme established by the National Bank of Oman SAOG (the Programme).
Clifford Chance partner, Stuart Ure commented: "We are delighted to have partnered with National Bank of Oman once more and the successful tap reflects the strong investor demand for the credit, the liquidity of the securities and the strength of the sector in Oman."
Clifford Chance also advised the Programme arrangers and dealers (which included Crédit Agricole Corporate and Investment Bank and National Bank of Abu Dhabi P.J.S.C.) on the update of the Programme in June 2016.
The Clifford Chance team was led by partner Stuart Ure, with the support of senior associate Rafe Khokhar and associates Brian O'Leary and Moussa Louizi.