ZAWYA: Energy Development Oman raises $200mln via tap issue
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Energy Development Oman has raised $200 million through a tap issue of its existing 10-year sukuk, bringing the total raised to $850 million. The sukuk has a coupon of 5.14% and matures in January 2036. The issuance was priced at a spread of 77bps over US Treasuries, tighter than the original 100bps. This move supports EDO's capital expenditure and funding diversification amid global uncertainty, with HSBC as the sole bookrunner.
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