Bank Dhofar $300 million 6.85% Tier 1 bond issue

Overview:

• Bank Dhofar has undertaken a $300 million Tier 1 bond issue.
• The 6.85% bond has been issued on the Irish Stock Exchange and offered to investors outside the US via Reg S.
• Emirates NBD, National Bank of Abu Dhabi, Standard Chartered Bank and Union National Bank acted as joint lead managers.
• The deal is the first additional Tier 1 bond (AT1) issued in Oman and Bank Dhofar's first international bond issue.

Sam Duke - Editor