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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

 




Tags: Oman | Bank Dhofar |

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