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Bank Muscat

Shareholders approve increasing Bank Muscat’s EMTN programme

: Monday, March 24 - 2014 @ 01:50

Bank Muscat shareholders have approved increasing the amount of the euro medium term note (EMTN) programme from $800m to $2bn, Muscat Daily has reported. The programme involves issuing negotiable bonds in the international markets through public subscription or private placement. They also approved setting up the OR500m, or its equivalent in other currencies, Meethaq Sukuk Programme for the issuance of sukuk by Meethaq in various tranches in the Muscat Securities Market and international markets through public subscription or private placement, the lender said.

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Monday, March 24- 2014 @ 1:50 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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