Sohar International and NBO lead $720mn refinancing for Phoenix Power
Sohar International Bank and National Bank of Oman led a $720mn syndicated refinancing for Phoenix Power Company after a 15-year extension of its PPA with Nama Power and Water Procurement Company.
By Staff WriterMuscat — Sohar International Bank and National Bank of Oman (NBO) have jointly led a $720mn syndicated refinancing facility for Phoenix Power Company, following the 15-year extension of the company’s Power Purchase Agreement (PPA) with Nama Power and Water Procurement Company.The two…