Muscat Finance To Establish a $130mln Bond Programme

Muscat Finance has revealed plans to establish a non-convertible, unsecured, unsubordinated bond programme at a total value of 50 million Omani rials ($130 million) as it looks to tap the debt market.

The programme will be issued in multiple tranches, with the first tranche amounting to OMR 5 million, with a greenshoe option of OMR 2.5 million.

The bonds will be listed on the Muscat Stock Exchange, following regulatory approval.

Muscat Clearing and Depository has been appointed as lead agents.

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