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An expanded group of banks has been appointed to join a sub-underwriting group on the $1,500 million debt package to finance the Sohar aluminium smelter. Three core mandated lead arrangers (MLAs) – ABN Amro, Citigroupand Sumitomo-Mitsui Banking Corporation– were selected in early November (MEED 4:11:05). Each committed $175 million and accepted fees of 80 basis points (bp) over Libor, in spite of having pushed for 85 bp. Citigroup is the financial adviser. The deal is due to be signed on 11 December in Muscat.