By Mary-Katherine Stinson
Lexington, Ky., Oct. 17 – Oman Arab Bank SAOG issued OMR 50 million of subordinated perpetual additional tier 1 capital instruments on a private placement basis, according to a notice.
This includes a greenshoe of OMR 10 million, which was exercised.
The bonds will bear interest at 7% for the first five years.
They will be listed on the Muscat Stock Exchange.
The lender is based in Muscat, Oman.
| Issuer: | Oman Arab Bank SAOG
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| Amount: | OMR 50 million, including OMR 10 million exercised greenshoe
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| Issue: | Subordinated perpetual additional tier 1 capital instruments
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| Maturity: | Perpetual
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| Coupon: | 7% for first five years
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| Announcement date: | Oct. 17
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| Distribution: | Private placement
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