Sultanate’s biggest lender may issue in Q1 2017
National Bank of Oman (NBO) is in talks with banks with a view to issuing an international bond early next year, banking sources said on Tuesday.
The Omani lender raised $600 million in debt through a $500 million bond in 2014 and a $100 million tap of that same bond in 2016. Under a tap, an issuer offers a new bond which has the same documentation as an existing deal.
Two bankers active in international debt markets said they expected NBO to issue a new bond in the first quarter of 2017.
A spokesman for the bank said no specific timeline has been set for future debt issues.