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The National Bank of Oman (NBO) has priced its $450 million Perpetual Non-Call 5.5-year Additional Tier 1 (AT1) bond at 6.625%, tightening from initial price thoughts in the 7.125% area.
Final orderbook exceeded $1.5 billion, excluding JLM interest.
NBO is rated Baa3 with a stable outlook by Moody’s and BB with a positive outlook by Fitch.
(Writing by Brinda Darasha; editing by Bindu Rai)
