Bank Muscat picks banks for potential bond
Dubai, March 7, 2013
Bank Muscat, Oman's largest lender, has picked six banks to arrange meetings with fixed income investors ahead of a potential benchmark-sized bond issue, a lead manager said on Thursday.
The lender has chosen Citigroup, Credit Agricole , Deutsche Bank, HSBC, National Bank of Abu Dhabi and Standard Chartered for the roadshows, which will take place between March 12-18. They will take place in Europe, Asia and the Middle East.
A potential dollar-denominated bond could follow the meetings, subject to market conditions.
Benchmark-size is traditionally understood to mean $500 million or more. – Reuters
More Finance & Capital Market Stories
- Gulf stocks surge as Fed tapering adds fuel to fire
- SABB launches graduates programme
- NBAD names key official for Hong Kong
- Commercial Bank of Dubai obtains $450m loan
- EFG Hermes names group co-chief
- Islamic bond issuance in GCC picking up
- Kuwait budget surplus likely to hit $42.4bn
- Bahrain banking sector on road to recovery
- GCC banks' outlook stable, says report
- GBSA panel names new chairperson