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Oman's Bank Sohar gets CBO approval for loan issue
- Oman: Wednesday, September 01 - 2010 at 08:45
Oman's Bank Sohar has received the Sultanate's central bank's approval to issue subordinated loans up to OR50m ($129m) on a privately placed basis, Oman Daily Observer has reported. The issue will carry a maturity of up to seven years. The issuance process has already been initiated by the bank and is expected to be completed shortly, the lender said.
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