الرئيس التنفيذي للشؤون المالية في "عمانتل" لـ CNBC عربية: كان هناك إقبال كبير على إصدار الصكوك تجاوز المبلغ المستهدف بأكثر من 8 أضعاف
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00:00 "For us in Oman, this is not the first time the company has issued a bond, in 2018,
00:12 worth 1.5 billion US dollars.
00:18 In 2018, the bonds were issued to local, regional and international investors.
00:25 This time, the issuance is unique, because we issued it in a bond
00:35 in accordance with Islamic law.
00:39 This bond, as I said, is unique because it is issued by a telecommunications company
00:48 and it is used in this bond to be issued in a benefit form
00:58 to the shareholders in the form of data for 7 years of the bond.
01:06 It was issued with a profit rate of 5.375%,
01:14 which is an excellent rate for companies issuing this type of bond.
01:23 We expect that this will open new horizons for other telecommunications companies in the region
01:31 by issuing a bond similar to the one issued by OmanTel.
01:41 What is the size of this issue and how did the investors respond to it?
01:50 What are the most important banks that participated in this project?
01:54 The size of the issue was 500 million US dollars
02:00 and it was issued to local and international investors.
02:04 The acceptance was very high and the issuance was successful.
02:11 The acceptance was 8 times higher than the value of the issued bond,
02:20 which is equivalent to 4 billion US dollars.
02:26 The main banks that issued this bond were Citibank, J.P. Morgan and Standard Chartered.
02:38 The local banks that contributed to the issuance were Mosqat Bank and Nizwa Bank.
02:47 Before I talk about the sources of this bond,
02:54 I would like to mention that the company reduced its debt
02:59 during the last five years after it was at 2.3 billion US dollars
03:06 to 1.3 billion US dollars even with this issue.
03:12 The financial center and its positive performance led to the acceptance of this bond.
03:29 The company will return the loan in October.
03:41 The company will return the loan in October to finance the issuance of the bonds.
03:51 We were able to choose the best time to issue the bonds in January.
04:03 The bond market in October was very low in the US stock market.
04:18 With the stable market in January, we were able to issue the bonds.
04:25 As I mentioned, the acceptance was very high.
04:29 Was the acceptance of investors due to the increase in the credit rating of Omantel
04:35 compared to the increase in the credit rating of the Sultanate?
04:39 Of course, there is no doubt that the positive and growing indicators
04:46 in all the economic indicators of the Sultanate
04:49 contributed to the performance of Omantel in previous years
04:55 and to the acceptance of investors.
05:00 The credit rating of Omantel and the Sultanate of Oman
05:05 also increased in the last two years.