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National Bank of Abu Dhabi : Oman: BankDhofar bond issue closes

05/20/2015 | 04:55pm US/Eastern

Muscat: BankDhofar announced that its AT1 perpetual bonds worth $300 million have been issued successfully, according to a filing to the Muscat Securities Market (MSM) on Wednesday.

The bank added that pricing is set at a 6.85 per cent coupon and allocation has been made.

BankDhofar, the second largest bank in the Sultanate by total assets, said on May 12 that it has mandated the UAE's National Bank of Abu Dhabi (NBAD) and Standard Chartered Bank as joint global coordinators and has appointed Emirates NBD Capital, NBAD and Standard Chartered Bank as joint lead managers to arrange its series of fixed income investor meetings in Asia in which a dollar-denominated bond issue.

(c) 2015 Muscat Press and Publishing House SAOC Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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