Bank Muscat sells $500mln in 5-year bonds - document

Bank ABC, Bank Muscat, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan, Mizuho, MUFG and Standard Chartered are arranging the deal

  
A Central Bank of Bahrain official shows new Bahraini Dinar notes on the first day of its release in Bahraini capital of Manama March 17, 2008.

A Central Bank of Bahrain official shows new Bahraini Dinar notes on the first day of its release in Bahraini capital of Manama March 17, 2008.

REUTERS/Hamad I Mohammed

DUBAI - Bank Muscat sold $500 million in five-year bonds on Wednesday at 4.75% after receiving more than $1.6 billion in orders for the debt sale, a document showed.

It had given initial price guidance of between 5% and 5.125% for the bonds, another document also from one of the banks on the deal showed.

Bank ABC, Bank Muscat, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan, Mizuho, MUFG and Standard Chartered arranged the deal.

(Reporting by Yousef Saba; Editing by Clarence Fernandez and Elaine Hardcastle) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))

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