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NBO shareholders approve $300m Tier 1 issue

MUSCAT, June 11, 2015

The shareholders of National Bank of Oman approved the issuance of a Tier-1 instrument of up to $300 million, the lender said on Thursday.

They also approved increasing the limit of an existing $600 million Euro Medium Term Notes (EMTN) programme to $1.5 billion in the next four years, depending on regulatory approvals.

EMTN also includes the possibility of issuing a Tier-2 instrument, which the lender earlier said could be worth up to $900 million.-Reuters




Tags: National Bank of Oman |

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