Middle East Economic Survey
Bank Muscat OR25Mn Bond Oversubscribed
Bank Muscats OR25mn ($65mn) 10-year fixed rate bond issue has been oversubscribed by over 20%, the bank said on 14 July. Total subscriptions for the bond, which carries interest at 6.25%, came in at OR30.4mn ($79mn), an official at the bank told MEES. The bank has obtained approval from the Capital Market Authority to retain the amount oversubscribed, and the bond will be listed on the...