TIDM35NP
RNS Number : 7193Q
Oman (Government of Sultanate of)
29 June 2022
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR
RESIDENT IN ANY JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE
UNLAWFUL
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT
QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE
MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU)
596/2014 ("MAR") AND ARTICLE 7(1) OF THE MARKET ABUSE REGULATION
(EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").
THE GOVERNMENT OF THE SULTANATE OF OMAN
represented by
THE MINISTRY OF FINANCE
(the "Issuer")
29 June 2022
THE ISSUER ANNOUNCES FINAL ACCEPTANCE AMOUNT, SERIES ACCEPTANCE
AMOUNTS AND PRICING FOR THE PURPOSES OF ITS TER OFFERS FOR EACH OF
ITS OUTSTANDING:
(i) U.S.$1,250,000,000 4.875 PER CENT. NOTES DUE 2025 (THE "2025 NOTES") (XS1944412664/US68205LAA17/68205LAA1) ;
(ii) U.S.$2,500,000,000 4.750 PER CENT. NOTES DUE 2026 (THE "2026 NOTES") (XS1405777589/US682051AC17/682051AC1) ;
(iii) U.S.$2,000,000,000 5.375 PER CENT. NOTES DUE MARCH 2027 (THE "MARCH 2027 NOTES") (XS1575967218/US682051AE72/682051AE7) ;
(iv) U.S.$1,450,000,000 6.750 PER CENT. NOTES DUE OCTOBER 2027 (THE "OCTOBER 2027 NOTES") (XS2234859101/US68205LAD55/68205LAD5) ;
(v) U.S.$2,500,000,000 5.625 PER CENT. NOTES DUE 2028 (THE "2028 NOTES") (XS1750113661/US682051AH04/682051AH0) ;
(vi) U.S.$2,250,000,000 6.000 PER CENT. NOTES DUE 2029 (THE "2029 NOTES") (XS1944412748/US68205LAB99/68205LAB9) ;
(vii) U.S.$1,750,000,000 6.250 PER CENT. NOTES DUE 2031 (THE "2031 NOTES") (XS2288905370/US68205LAS25/68205LAS2) ; AND
(viii) U.S.$1,050,000,000 7.375 PER CENT. NOTES DUE 2032 (THE "2032 NOTES") (XS2234859283/US68205LAE39/68205LAE3) .
The aforementioned Series of Notes are collectively referred to
as the "Notes".
Further to its announcements on 22 June 2022 and 29 June 2022,
the Issuer now announces the final results and pricing for the
purposes of its invitations to eligible holders of the Notes (each,
an "Offer" and, together, the "Offers").
The Offers were made on the terms and subject to the conditions
set out in the Offeror's Tender Offer Memorandum dated 22 June 2022
(the "Tender Offer Memorandum").
Copies of the Tender Offer Memorandum are available from the
Information and Tender Agent as set out below. Capitalised terms
used in this announcement but not defined have the meanings given
to them in the Tender Offer Memorandum.
Final Results
The Issuer intends to accept for purchase U.S.$701,076,000 in
aggregate nominal amount of the Notes, subject to satisfaction or
waiver of the Conditions to the Offer on or prior to the Settlement
Date.
(1) In respect of the 2025 Notes, U.S.$100,844,000.
(2) In respect of the 2026 Notes, U.S.$113,502,000.
(3) In respect of the March 2027 Notes, U.S.$71,207,000.
(4) In respect of the October 2027 Notes, U.S.$80,823,000.
(5) In respect of the 2028 Notes, U.S.$115,760,000.
(6) In respect of the 2029 Notes, U.S.$78,432,000.
(7) In respect of the 2031 Notes, U.S.$112,965,000.
(8) In respect of the 2032 Notes, U.S.$27,543,000.
A summary of the final pricing of the Notes appears below:
Benchmark Series
Clearing Security Purchase Scaling Purchase Acceptance Accrued
S eries Spread Rate Yield Factor Price Amount Interest
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
t he 2025 +210 basis 3.193% 5.293% N/A U.S.$990.01 U.S.$100,844 U.S.$20.31
Notes points per ,000 per
U.S.$1,000 U.S.$1,000
in principal in principal
amount amount
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
the 2026 +240 basis 3.211% 5.611% N/A U.S.$969.81 U.S.$113,502 U.S.$2.11
Notes points per ,000 per
U.S.$1,000 U.S.$1,000
in principal in principal
amount amount
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
the March +250 basis 3.211% 5.711% N/A U.S.$986.27 U.S.$71,207, U.S.$16.87
2027 Notes points per 000 per
U.S.$1,000 U.S.$1,000
in principal in principal
amount amount
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
the October +270 basis 3.211% 5.911% N/A U.S.$1,037.7 U.S.$80,823, U.S.$11.81
2027 Notes points 4 per 000 per
U.S.$1,000 U.S.$1,000
in principal in principal
amount amount
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
the 2028 +280 basis 3.211% 6.011% N/A U.S.$982.04 U.S.$115,760 U.S.$25.63
Notes points per ,000 per
U.S.$1,000 U.S.$1,000
in principal in principal
amount amount
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
the 2029 +300 basis 3.140% 6.140% N/A U.S.$991.99 U.S.$78,432, U.S.$25.00
Notes points per 000 per
U.S.$1,000 U.S.$1,000
in principal in principal
amount amount
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
the 2031 +315 basis 3.140% 6.290% N/A U.S.$997.33 U.S.$112,965 U.S.$27.08
Notes points per ,000 per
U.S.$1,000 U.S.$1,000
in principal in principal
amount amount
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
the 2032 +355 basis 3.140% 6.690% N/A U.S.$1,050.3 U.S.$27,543, U.S.$12.91
Notes points 5 per 000 per
U.S.$1,000 U.S.$1,000
in principal in principal
amount amount
------------- ------------- ------------- ------------- ------------- ------------- ------------- -------------
The expected Settlement Date is 1 July 2022.
* * *
Citigroup Global Markets Limited, Goldman Sachs International
and HSBC Bank plc have been appointed by the Issuer to serve as
dealer managers for the Offer. Citibank, N.A., London Branch (the
"Tender Agent") has been appointed by the Issuer to act as the
tender agent in connection with the Offer.
For additional information regarding the terms of the Offer,
please contact Citigroup Global Markets Limited by email at
liabilitymanagement.europe@citi.com or by telephone at +44 20 7986
8969, Goldman Sachs International by email at Liabilitymanagement
.eu@ny.email.gs.com or by telephone at +44 20 7774 4836 and HSBC
Bank plc by email at LM_EMEA@hsbc.com or by telephone at +44 20
7992 6237. Requests for documents and questions regarding the
tender of Notes may be directed to Citibank N.A., London Branch via
email: citiexchanges@citi.com or telephone: +44 20 7508 3867.
* * *
DISCLAIMER This announcement must be read in conjunction with
the Tender Offer Memorandum. This announcement and the Tender Offer
Memorandum contain important information which should be read
carefully before any decision is made with respect to the Offers.
If you are in any doubt as to the contents of this announcement or
the Tender Offer Memorandum or the action you should take, you are
recommended to seek your own financial and legal advice, including
as to any tax consequences, immediately from your stockbroker, bank
manager, solicitor, accountant or other independent financial or
legal adviser. Any individual or company whose Notes are held on
its behalf by a broker, dealer, bank, custodian, trust company or
other nominee or intermediary must contact such entity if it wishes
to participate in the Offers. None of the Dealer Managers, the
Information and Tender Agent or the Offeror makes any
recommendation as to whether Noteholders should tender Notes for
purchase pursuant to the Offers.
The Tender Offer Memorandum does not constitute an invitation to
participate in the Offers in any jurisdiction in which, or to any
person to, or from, whom, it is unlawful to make such invitation or
for there to be such participation under applicable securities
laws. The distribution of the Tender Offer Memorandum in certain
jurisdictions may be restricted by law. Persons into whose
possession the Tender Offer Memorandum comes are required by each
of the Issuer, the Dealer Managers and the Information and Tender
Agent to inform themselves about and to observe any such
restrictions.
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END
RTEPPUBCQUPPGMB
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