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.
NEW YORK--(BUSINESS WIRE)--June 27, 1996--Effective today, Moody's Investors Service assigned a A1 rating to Manitoba's JPNYEN 10 billion
dual-currency bonds payable in Australian dollars at maturity.
