VOL. XLVII
No 20
17-May-2004
OMAN
CAPITAL MARKETS
Bank Muscats Debut $250Mn Dollar Bond Oversubscribed
Bank Muscats debut dollar-denominated five-year floating rate note worth $250mn has been oversubscribed at $350mn, the bank said on 10 May. The bank is not taking up any of the oversubscription and is holding the value of the issue at $250mn. The bond carries an interest rate of 73 bps over three-month dollar libor, matures on 26 May 2009 and was joint lead managed by HSBC and ABN AMRO. It is the...
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