National Bank of Oman (NBO) is planning to tap international bond markets via a $600 million bond program, Reuters reports. The Gulf lender is looking for shareholder approval for the Euro medium term notes (EMTN) program. The program will allow NBO to issue bonds through public subscription or private placement in different currencies and on varying terms. The firm is seeking to refinance existing dollar loans and meet the requirements of Omani companies, especially for project finance, adds Zawya.
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