Oman Investment Fund Offers to Buy Blue City Bonds

Posted on 11/07/2012


Onyx Investments Ltd., a sovereign wealth enterprise (SWE) of the Oman Investment Fund (OIF), has made a tender offer to purchase class B senior subordinated notes of Blue City for 35 cents on the dollar. Starting in 2006, $925 million was raised from bondholders to finance construction of the beachside community. Blue City was funded […]