IFLR1000

Bank Muscat $500 million 3.75% EMTN issue

27/4/2016
Investment grade bond/note issue
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$ 500 million

Completed

27/4/2016

Overview:

  • Bank Muscat has undertaken a $500 million issue of notes under its EMTN programme.
  • The 3.750% notes are due in 2021 and issued on the Irish Stock Exchange.
  • Arab Banking Corporation, Bank Muscat, Citigroup, Crédit Agricole, HSBC, Mitsubishi UFJ Securities, National Bank of Abu Dhabi and Standard Chartered acted as joint lead managers.
  • The issuer also renewed its EMTN programme increasing it from $800 million to $2 billion.

Sam Duke - Editor

Jurisdictions:

Ireland
Oman

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Banking

Firms:
Allen & Overy

Party: Bank Muscat (Issuer)

Cleary Gottlieb Steen & Hamilton

Party: Arab Banking Corporation (Joint lead manager)

Party: Citigroup (Joint lead manager)

Party: HSBC (Joint lead manager)

Party: Mitsubishi UFJ Securities (Joint lead manager)

Party: National Bank of Abu Dhabi (Joint lead manager)

Party: Standard Chartered (Joint lead manager)

Party: First Gulf Bank (Joint lead manager)

Party: Crédit Agricole (Joint lead manager)

Party: Bank Muscat (Joint lead manager)

Trowers & Hamlins

Party: Bank Muscat (Issuer)

Lawyer: Jeremy Ingham

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