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Oman Arab Bank calls 7½% perpetual subordinated bonds at par
By Mary-Katherine Stinson
Lexington, Ky., Sept. 14 – Oman Arab Bank SAOG issued an irrevocable notice of redemption for its 7½% perpetual subordinated bonds (ISIN: OM0000006805) under a call option, according to an announcement.
The bonds, which were issued Oct. 17, 2018 for OMR 42,553,000, or $110.53 million, are being redeemed at par plus interest on Oct. 17.
The lender is based in Muscat, Oman.
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