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Oman’s EHC moves closer to raising OR800m loan

: Monday, July 14 - 2014 @ 00:15

Oman’s Electricity Holding Co (EHC) has announced the announced the appointment of Bank Muscat and JP Morgan as joint financial advisors and lead arrangers in connection with a debt raising of OR800m, Muscat Daily has reported. The move is aimed at advising EHC and its subsidiaries and raising long-term funding to support the group’s capital expenditure relating to the distribution and transmission network, and to refinance existing short-term borrowings.

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Monday, July 14- 2014 @ 0:15 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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