Tuesday 17, July 2018 by Kudakwashe

Sohar Aluminium to discuss financing with banks in London

 

Sohar Aluminium is looking at options that might include a refinancing of part of that deal, considering both loans and bonds.

  

Oman-based Sohar Aluminium will meet banks in London this week to discuss potential financing option, reported Reuters.

A potential deal will add to expected debt transactions in the Gulf, as a recent surge in oil prices has led to higher liquidity in the banking system.

Additionally, another expected deal is by state-owned Electricity Holding Co., which is seeking debt financing for a $1.2 billion capital expenditure programme.

 

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