Bank Muscat in talks with banks for dollar bond issuance
Bank Muscat is reportedly in talks with banks for a benchmark dollar bond to repay an existing debt. Benchmark bond issuance is generally close to USD500mn. Banks selected to arrange the USD-denominated bond issue include HSBC, Bank ABC and First Abu Dhabi Bank, Reuters reports, citing unidentified people.
Bank Muscat: OMR0.41 as of 26 Feb. 2018, Rating: Buy, TP: OMR0.44/share, MCap: USD2,909mn, BKMB OM/BKMB.OM
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