Bank Muscat plans to raise dollar funds under EMTN


(MENAFN- Muscat Daily) Muscat- Bank Muscat announced that it is planning to raise US dollar funds under its Euro Medium Term Note (EMTN) programme which is listed on the Ireland stock exchange.

The bank will engage a number of leading banks to act as joint lead managers and book runners to arrange a series of fixed income investor meetings commencing today, Bank Muscat said in a filing to the Muscat Securities Market.

'A benchmark USD Regulation S only bond offering will follow. The amount and tenor of the bond will be subject to market conditions', Bank Muscat said.

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