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Bank Muscat to raise dollar funds

  • Oman: Monday, March 11 - 2013 at 06:33

Oman's Bank Muscat has said it planning to raise US dollar funds under its Euro Medium Term Note (EMTN) programme, which is listed on the Luxembourg Stock Exchange, Muscat Daily has reported. "The issue is designed to support long-term dollar funding for project finance and wider asset growth for the bank," the lender said, without disclosing the amount and tenor of the bond issue, which it said will be subject to market conditions.

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