Oman's Taageer Finance shareholders approve up to $25.97mln bond issuance

Issuance is with a green shoe option for an amount up to 5 million Omani riyals

  

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)

(gerard.aoun@refinitiv.com)

#OMAN #BOND #MARKETS #TAAGEER

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