April 18, 2018 / 9:51 AM / a month ago

BRIEF-Omantel Issues $1.5 Bln Bonds In Two Tranches

April 18 (Reuters) - OMAN TELECOMMUNICATIONS COMPANY :

* ISSUES BONDS WORTH $1.5 BILLION IN TWO TRANCHES

* FIRST TRANCHE FOR $600 MILLION MATURING IN 2023 (5.5 YEARS) YIELDING AN INTEREST RATE OF 5.625% PER ANNUM

* SECOND TRANCHE FOR $900 MILLION MATURING 2028 (10 YEARS) YIELDING AN INTEREST RATE OF 6.625% PER ANNUM

* PROCEEDS OF BONDS WILL BE USED TO REPAY BRIDGE LOAN FACILITY TAKEN FOR INVESTMENT OF OMANTEL IN ZAIN KUWAIT Source:(bit.ly/2HJfAf3) Further company coverage:

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