Oman's Ahlibank gets approval for bond issue
- Oman: Monday, December 06 - 2010 at 09:01
Oman's Ahlibank has said that shareholders have approved plans to issue 35 million nonconvertible, unsecured, subordinated bonds, Times of Oman has reported. The tenor of the bonds is seven years with a call option for the bank to redeem at the end of five years from the issue date. The bonds will be listed and traded in the Muscat Securities Market, the lender said.
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