|
Syndication
BankMuscat has led several limited recourse
projects financing in Oman. These projects had
both funded and non-funded requirements which have
been successfully syndicated out in the local and
regional markets. These syndications have been in
various sectors such as oil and gas, aviation,
ships and tugs, port services, power and in the
manufacturing sector. Along with this demonstrated
strength in syndications, the Bank has developed
strong relationships with international, regional
and local banks which have an appetite for
syndicated loans. BankMuscat is also an active
participant in regional syndications.
Structured Finance
BankMuscat has
led several structured finance transactions with
local and regional banks. These are largely
one-off transactions in the nature of asset
finance, financing for mergers and acquisitions,
refinancing, etc.
The Bank's capabilities include:
-
Arranging,
structuring, placement and syndication of
multi-currency loan facilities across a broad
spectrum of clients and sectors, including
general finance, standby finance, corporate and
acquisition finance, bridge finance, project
finance, structured finance, etc.
-
Ability to
underwrite significant amounts in a timely and
efficient manner.
-
Expertise
and knowledge of the market with widespread
placement capability.
Top
Advisory Services
The Bank has
been mandated with several advisory services for
the Government, potential bidders for projects as
well as the corporate sector. With expert
resources in structuring, modelling, negotiation
and documentation skills, the Bank offers an
all-encompassing service in both advisory work and
debt arranging.
The Bank's
major advisory areas include:
-
Optimal
project finance structures and debt.
-
Advise on
bankability of projects and related
syndications.
-
Cash flows
and financial modelling.
-
Expansion,
rationalization and restructuring strategies.
-
Mergers and
acquisitions.
-
Optimum
equity structures and initial public offerings
in the Sultanate.
Top
Commercial Lending
With the
largest underwriting capacity amongst Omani banks
and with strong corporate relationships, the Bank
has the ability to add considerable value to
limited recourse project financing transactions in
a senior capacity. The Bank's project financing
team is well experienced with the Bank being
present in almost all the Sultanate's limited
recourse projects financing in a Tier-I role.
Moreover, the Bank has developed extensive working
relationships with all major regional and
international banks who are active in Omani
project financing.
Top
Working Capital
In addition to
commercial loans, the Bank has been a working
capital provider for most of the limited recourse
large projects which have achieved commercial
operations. This multi-layered participation in
projects has provided the Bank with a pre-eminent
position in project financing in the Sultanate,
which is market acknowledged.
Non Funded/Guarantee Support
Pre-bid
For consortia proposing to bid for the projects in
the Sultanate, BankMuscat provides bid tender
guarantees required by the client.
Post-bid
BankMuscat provides non-funded / guarantee support
for winning bidders, which are required to provide
various guarantees required by the client or
lenders e.g. Performance Bonds, Debt Service
Standby LCs.
Agency Function
The Bank has been an Account Bank as well as
Security Bank for most of the Omani project
financing. Therefore, it has the necessary
experience as an agent to facilitate execution of
documentation for project lenders and provide
superior service for project executors.
General Banking Services
With the
largest network of branches in the Sultanate and a
portfolio of value enhanced services, the Bank is
extremely well positioned to provide general
banking services to the project company, to
overseas equity participants and to the employees
of the project company.
Contractor Finance
The Bank has
leveraged its position of strength in the Omani
corporate finance market to dominate contractor
finance for most projects in the country. The Bank
will continue to leverage this opportunity and
actively track major contracts for projects with a
view to financing them.
Top
|
