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Oman's MB Holding to sell $200m Islamic Bonds

Oman's MB Holding Company, whose interests include oil and mining, plans to sell Islamic bonds worth $200 million to refinance existing debt, the firm's head of corporate finance said

Pricing for the seven-year Islamic bond, or sukuk, will be determined after a roadshow due to begin in June, encompassing the Middle East, Europe and Asia.

"The sukuk will be used to repay existing loans," MB Holding's Sushil Srivastava.

Standard Chartered and ABN Amro are the issue's lead arrangers.Reuters
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