Tuesday 22 July 2014

Bank Muscat picks banks for potential bond

Dubai, March 7, 2013

Bank Muscat, Oman's largest lender, has picked six banks to arrange meetings with fixed income investors ahead of a potential benchmark-sized bond issue, a lead manager said on Thursday.

The lender has chosen Citigroup, Credit Agricole , Deutsche Bank, HSBC, National Bank of Abu Dhabi and Standard Chartered for the roadshows, which will take place between March 12-18. They will take place in Europe, Asia and the Middle East.

A potential dollar-denominated bond could follow the meetings, subject to market conditions.

Benchmark-size is traditionally understood to mean $500 million or more. – Reuters

Tags: Oman | investors | Bank Muscat | bond | benchmark |

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