SocGen Arranges Financing for Oman Shipping's Tanker Play

Posted by Joseph Keefe

Oman Shipping Company, wholly owned by the government
of Oman, raised $227 million in debt to back the purchase of 10
tankers, Societe Generale said on Thursday.

Societe Generale was the sole arranger and sole underwriter of
the transaction, which comprised a combination of commercial debt
and export credit agency financing.

The commercial portion of the debt package also involved Credit
Agricole Corporate & Investment Bank, the Korea Development
Bank and ABN Amro.

Reporting by Davide Barbuscia

Mar 2, 2017

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