Oman: Oman Arab Bank announced its successful listing of Additional Tier 1 capital bonds worth USD 400 million today on the London Stock Exchange. The bank indicated that these bonds were structured as perpetual financial instruments, non-callable for 5.5 years, with a fixed resettable yield rate of 6.75 percent.

According to Oman News Agency, the bank explained that these bonds attracted widespread and qualitative demand from investors, as the subscription order book exceeded the USD 1.1 billion mark, with a coverage rate surpassing the target value by approximately 2.75 times. Sulaiman Hamad Al Harthy, CEO of Oman Arab Bank, confirmed that this issuance achieved success in the pricing process at a yield rate of 6.75 percent, which is about 50 basis points lower than the initial guidance pricing range.

He stated that these bonds reflect the confidence of regional and international investors in the core credit fundamentals of Oman Arab Bank, its financial resilience, and its strategic direction, alongside the overall strength of the Omani economy. He added that this listing on the London Stock Exchange contributes to enhancing the bank's presence and expanding its reach in global capital markets, enabling it to access diverse funding sources while adhering to the best prudent practices in capital management.