Bank Muscat preps bond roadshow

Bank Muscat preps bond roadshow

Published: March 10, 2013

Omani bank to raise US dollar funding for project finance.

Oman's Bank Muscat will launch a roadshow this week to gauge investor appetite for a US dollar bond.

The bank plans to start a series of meetings on Tuesday, after which it could launch a reg-S bond under its existing Euro Medium Term Note programme.

A statement made by the bank to the Muscat Securities Market said the bond would raise new long-term dollar funding for its project-finance work.