Following several announcements regarding a OMR50 million Sukuk issuance made by Omantel [OTL.OM]. The company has announced on the MSM website that it would not proceed with the issuance after talks with its advisors. The company had received commitments worth USD82.2 million (OMR31.6 million) in the Dollar tranche and OMR18.4 million in the Riyal tranche and priced the issuance at 5.3%. (Company disclosure) Omantel: OMR1.47 as of 09 February 2016, Rating: Buy, FV: OMR1.87 per share, MCap: USD2,901 million, OTEL OM / OTL.OM
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