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Article: Oman: Al Omaniya plans RO 20m bond issue.
- Article from:
- TendersInfo
- Article date:
- October 3, 2009
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The Board of Directors of Al Omaniya Financial Services Al Omaniya Financial Services SAOG at their meeting held on Monday has approved a proposal to raise up to RO 20 million in a Bond Issue through private placement subject to approvals from the regulatory authorities. Aftab Patel (pictured), Chief Executive Officer of the company further stated that the bond would be raised through a Book Building exercise.
The Board has mandated Gulf Baader Capital MarketsGulf Baader Capital Markets SAOC to manage the issue. The tenor of the bond is expected to be of five years maturity, a part of which will be compulsorily converted into equity shares after two years. Patel ...