BankMuscat $65Mn Bond Oversubscribed
Omans Bank Muscat announced on 24 June that its OR25mn ($65mn) corporate bonds were oversubscribed by OR150mn ($390mn). The lower limit for the issue was OR15mn ($39mn), with oversubscription taking the issue to the upper limit of OR25mn. The extra OR150mn in subscriptions was returned to investors on 22 June, says the bank. Subscription ran from 19 May to 18 June. The 10-year bonds carry an annual interest rate...