National Bank of Oman (NBO), the Gulf state's second-largest lender by assets, is seeking shareholder approval for a $600 million bond programme aiming to tap international bond markets, it said on Sunday.
The $600 million Euro Medium Term Notes (EMTN) programme will allow the lender to issue bonds through public subscription or private placement in different currencies and on varying terms, NBO said in a statement to Muscat bourse.
"The total amount of bonds outstanding, as part of the program shall not exceed at any point of time USD 600 million," it said.
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