BankMuscat plans to raise USD Subordinated debt

BankMuscat plans to raise USD Subordinated debt

As part of the Banks on-going funding plans, the Bank is in discussion with International Finance Corporation (IFC) based in Washington DC, USA to secure USD 170 million of Subordinated Debt. This investment by IFC is designed to strengthen the bank's capital position and support long term USD funding and asset growth. This transaction is subject to the approval of the IFC Board of Directors and the regulators in the Sultanate.