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SocGen says arranges $227 mln financing for Oman Shipping Co
March 2, 2017 / 7:22 AM / in 9 months

SocGen says arranges $227 mln financing for Oman Shipping Co

DUBAI, March 2 (Reuters) - 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

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