Muscat Finance plans to raise OMR5mn from bond issue
Muscat Finance, one of the leading leasing and hire purchase companies, plans to raise OMR5mn by way of a bond issue on private placement basis. The proceeds of the bond issue are for diversifying the company’s sources of funding and to help create a robust bond market in the country, says Bikram S Rishi, chief executive officer of Muscat Finance. The EGM will decide on the bond interest, tenor of the bond and the minimum subscription. (Times of Oman)
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