VOL. XLVII

No 12

22-March-2004

OMAN

CAPITAL MARKETS

Bank Muscat Plans $800Mn Euro Medium Term Notes, First $250Mn Tranche In April

Bank Muscat is planning a program of bond issues in Euro medium term notes worth a total of $800mn, with the first tranche of $250mn expected to be issued in April. The first issue will be a five-year floating rate note and will be rated by both Moodys and Standard & Poors (S&P), an official at the bank told MEES. The bank has mandated HSBC as the arranger for...