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Report: Bank Muscat issues $500M bond

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Report: Bank Muscat issues $500M bond

Bank MuscatSAOG issued a $500 million bond, Cbonds reported April 28.

The notes, with an initial issue price of 99.311%, carry acoupon of 3.75%. The bond will mature May 3, 2021.

ABC, Bank Muscat, Citigroup, Crédit Agricole CIB, HSBC,Mitsubishi UFJ Securities International, National Bank of Abu Dhabi andStandard Chartered Bank acted as book runners for the issuance.