7 Mar 2013 14:22
Bank Muscat Bond issue under EMTN
Bank Muscat, is planning to raise US dollar funds under its existing Euro Medium Term Note (EMTN) programme which is listed on the Luxembourg stock exchange. The Bank will engage a number of leading banks to act as joint lead managers and book runners to arrange a series of fixed income investor meetings commencing on March 12, 2013. A benchmark USD Regulation S only bond offering is expected to follow. The amount and tenor of the Bond will be subject to market conditions. The issue is designed to support long term US dollar funding for project finance and wider asset growth for the Bank.