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Oman Arab Bank (88HU)

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Wednesday 29 December, 2021

Oman Arab Bank

Redemption of Perpetual Sub Bonds 29 December 2016

RNS Number : 9757W
Oman Arab Bank SAOG
29 December 2021
 

 

 

Date:   29 December 2021

 

Subject: Notice for Redemption of Oman Arab Bank Perpetual Subordinated Bonds OAB PERPET. SUB (OAB 1) issued on 29 December 2016

 

Oman Arab Bank SAOG (the "Bank") has issued an irrevocable notice, pursuant to the Bank's Call Option 6.8b of the terms and conditions of the above-captioned bonds ("OAB 1"), to the holders of these bonds that the Bank will fully redeem all of the OAB 1 bonds on 29 January 2022 (the "Redemption Date"). The OAB1 bonds will be redeemed at their aggregate principal plus the interest accrued to, but excluding, the Redemption Date.

 

The OAB 1 Bonds were originally issued on 29 December 2016 for OMR 30 Million (USD 78 Million) at an interest rate of 7.75% per annum and are listed on the MSX Bonds Market.

 

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