Banking & Finance
Bank Muscat $500 million Euro bond issue oversubscribed by almost 3 times
Bank Muscat, the flagship financial institution in Oman, announced the successful pricing and closure of a 5 year, USD 500 million bond issuance under its Euro Medium Term Note (EMTN) programme. The deal carries a coupon of 3.75 per cent.

Bank Muscat, the flagship financial institution in Oman, announced the successful pricing and closure of a 5 year, USD 500 million bond issuance under its Euro Medium Term Note (EMTN) programme. The deal carries a coupon of 3.75 per cent.
Commenting on the success of the transaction, Shaikh Khalid bin Mustahail Al Mashani, Chairman of Bank Muscat, said: “The overwhelming response to the Euro bond issuance by Bank Muscat endorses the credibility enjoyed by the flagship bank in Oman. The credentials stemming from long-standing relations with the regional and international investor community have once again come as a shot in the arm, reinforcing the strategic business plans of the bank amid challenging situations.”
Shaikh Khalid added: “Bank Muscat is pleased to have re-opened the senior unsecured market for other Omani FIG issuers with this issuance representing the first senior unsecured by an Omani bank since 2013. The strong investor response is a testament to investor confidence in Bank Muscat’s credit profile and strategy.”
Notwithstanding the volatile market backdrop, the Euro bond issue evoked strong response from the regional and international investor community.
AbdulRazak Ali Issa, Chief Executive of Bank Muscat, said: ”Despite the challenging economic situation in the region, the demand for our bond issue was overwhelming. The offer was considerably oversubscribed by almost three times with around USD 1.4 billion placed in orders. The confidence of the regional and international investor community in Bank Muscat reflects the financial strength and prudent strategies pursued by the bank.”
To promote the bond issuance, the bank organised an international road show where bank officials met with institutional investors in the Middle East, Asia and Europe.
Highlighting the successful closure of the bond issuance, Waleed K. Al Hashar, Deputy Chief Executive Officer of Bank Muscat, said: ”Bank Muscat is immensely thankful to the regional and international investor community for once again endorsing the bank’s credentials. The positive response from the investor community reaffirms the strong reputation that the bank enjoys, our financial health and credit worthiness. The bank will continue to focus on national development projects, diversify its funding base and enhance its asset-liability management.”
The Joint Lead Managers and Bookrunners on the issuance were Bank ABC, Bank Muscat, Citi, Credit Agricole CIB, HSBC, MUFG, National Bank of Abu Dhabi and Standard Chartered Bank. First Gulf Bank was a Co-Lead Manager on the transaction.
-
OER Magazines2 months ago
OER, February 25
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, February 2025
-
Economy1 month ago
Is Gold a Good Investment in 2025? A Deep Dive into the Precious Metal’s Future
-
Banking & Finance2 months ago
Sohar International Appoints Abdul Wahid Mohamed Al Murshidi as Chief Executive Officer
-
News2 months ago
Shell Oman Marketing Company Hosts the 1st Lubricants Technology Conference in Muscat
-
News2 months ago
Oman Explores Semiconductor & EV Investments with EONH Private Holdings & Jetour Global
-
News1 month ago
Nothing Phone 3a and 3a Pro launches in the Middle East
-
Food & Dining2 months ago
Al-Futtaim IKEA’s Iftar Buffet Is Back, Offering Classic Comfort and Bold New Tastes
You must be logged in to post a comment Login