Oman's largest lender eyes $1.3bn Islamic bond - Banking & Finance - ArabianBusiness.com:
"Bank Muscat, Oman's largest lender, plans to establish a OR500 million ($1.3 billion) Islamic bond programme this year, and expects to conduct the first sukuk issue by an Omani bank in September, a bank official was quoted as saying.
The bank will seek shareholder approval for its sukuk programme at a meeting on March 19 and regulatory approval thereafter, the Times of Oman quoted Sulaiman Al Harthy, group general manager of Islamic banking, as saying.
Sukuk tranches will be of varying maturities and currencies; some will be issued in international markets, and both public subscriptions and private placements will be used, Harthy told the newspaper. The sukuk will help to avert any mismatches between assets and liabilities at the bank, he added."
'via Blog this'
No comments:
Post a Comment