The issuance marks many firsts, including: the first ever perpetual equity-eligible corporate bond from an Oman headquartered business group, the first ever dual-currency bond
(with USD and OMR tranches) from the GCC and the first ever international bond by a MSM listed Omani corporate entity.
9 billion dual-currency bond
, at tighter guidance than earlier indicated, due to strong demand.
AX), considered to be the fourth-biggest lender in the country, has postponed a dual-currency bond
A short time later, the banker suggests the company issue a dual-currency bond
, in which the principal is payable in dollars but the interest is denominated in sterling.
Thus, the corporate issuer would not have found it attractive to issue a dual-currency bond
prior to the development of the swaps market.
In addition to these off-balance-sheet hedging alternatives, financially engineered instruments, such as dual-currency bonds
, provide on-balance-sheet hedging alternatives.