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
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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