Issuance of Additional Tier 1 Bonds
Oman Arab Bank SAOG
17 October 2023
Date: 17 October 2023
Subject: Issuance of Subordinated Perpetual Bonds amounting OMR 50 million (Additional Tier 1 Bonds)
Oman Arab Bank (the "Bank"), pursuant to the disclosure made on Muscat Stock Exchange (MSX) on the Extraordinary Annual General Meeting resolutions dated 21 August 2023, has successfully issued Subordinated Perpetual Additional Tier 1 Capital Instruments ("Bonds") on a private placement basis amounting OMR 50 million (including the exercise of green shoe option of OMR 10 million).
The Bonds will carry a coupon rate of 7.00% p.a. for the first 5 years and will be listed on MSX.
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