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Financials

Oman tapping existing bonds for $500 million -document

DUBAI, Nov 23 (Reuters) - Oman is offering $500 million of bonds due in 2027 and 2032 for sale in a tap of outstanding issues, a document from one of the banks arranging the reopening showed on Monday.

Oman gave initial price guidance for the tap of around 6.6% for the bonds due in 2027 and around 7.2% for the bonds due in 2032, the document showed. The deal is expected to close later on Monday.

Citi, HSBC, Natixis and Standard Chartered are arranging the deal.

Reporting by Yousef Saba; Editing by Catherine Evans

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