Bank Dhofar bond plan approved
DOHA, May 3, 2015
Oman's central bank has approved Bank Dhofar's plan to issue a capital-boosting bond of up to $300 million, Dhofar said on Sunday.
The bank said the borrowing would be in the form of perpetual Tier 1 Securities with a coupon to be determined at the time of issue based on market conditions. It provided no other details.
Bank Dhofar's shareholders approved the plan in February. -Reuters
