Thursday 28, September 2017 by Georgina Enzer
Approval of Perpetual Bonds results by the CMA: Bank Sohar
Bank Sohar's perpetual bond issue, made public on 14 August and 7 September 2017 with a subscription for up to 100,000 Perpetual bond, Additional Tier I Capital Instruments on a Private Placement basis, at a price of OMR 1,000 per Capital Security, aggregating up to OMR 100 million (the “Issue) has been fully subscribed.
Bank Sohar has announced that the Issue had been closed successfully as planned on 20 September 2017 with oversubscription. Bank Sohar also announced that the Capital Market Authority (the “CMA”) has approved the results of the Issue and agreed to allot the Bonds to successful subscribers in line with the terms and conditions of the prospectus. Based on this, the Bonds shall be listed on the Muscat Securities Market soon.