Dubai, 19 April 2016

Dentons has advised Bank Dhofar on the establishment of its US$500 million Euro Medium Term Note programme.  The programme is listed on the Irish Stock Exchange and has been assigned long-term senior unsecured provisional ratings of (P)Baa1 by Moody's and BBB(EXP) by Fitch.

The programme was arranged by the National Bank of Abu Dhabi and HSBC, with Bank ABC, Crédit Agricole CIB and BNP Paribas acting as dealers.

Dentons Capital Markets Partner, Alex Roussos, commented, "We are delighted to have been able to continue our involvement in Bank Dhofar's venture into the capital markets after the Additional Tier I bond the bank issued last year. The establishment by the bank of its EMTN programme ‎is evidence of the fact that issuers are increasingly looking into alternative debt funding structures as the capital markets in Oman continue to develop".

Dentons Banking and Finance Partner in Muscat, Sadaf Buchanan, also commented, "It was a privilege to work with the Bank Dhofar team again on their second debt capital markets transaction and to explore further opportunities with them to also market to both the Oman and international market".

The Dentons team was led by Alex Roussos and Sadaf Buchanan, with assistance from senior associate Beene Ndulo and associate Sana Siddiqui in Dubai and in Muscat by senior associate Justine Harding, associate Yasser Taqi and trainee Budoor Moosa.


For further information, please contact:
Muireann Kelleher
Head of Business Development & Marketing - Middle East
+971 4 402 0870

Kerry Schultz
Senior Business Development & Marketing Executive
+971 4 402 0872   

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© Press Release 2016