Energy Development Oman (EDO) S.A.O.C. has successfully secured a US$2.5 billion debt financing transaction, attracting an overwhelming market response at competitive rates.

The funding will further support EDO in achieving its key objective of alleviating the Government’s Block 6 funding requirements. The Company is also mandated to create growth; enhance efficiencies and governance in Oman’s oil, gas, and new energies sector; and unlock value through diversification and value chain integration.

The deal was oversubscribed by more than 100%, which is a testament to investors’ confidence in EDO and Oman’s economy.