Shareholders of Oman’s Taageer Finance Company have approved the issuance of up to 10 million Omani riyals ($25.97 million) unsecured and unconvertible secondary bonds.
The issuance of secondary bonds is with a green shoe option for an amount up to 5 million Omani riyals and by way of a private placement at the nominal value of one Omani riyal for each bond.
The company, which provides car finance, added in a statement to the Muscat Securities Market that the bonds shall be valid for two years.
(Writing by Gerard Aoun, editing by Seban Scaria)
#OMAN #BOND #MARKETS #TAAGEER
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