Ahlibank successfully completes issuance of RO 75mln Additional Tier 1 capital instruments

Ahlibank successfully completes issuance of RO 75mln Additional Tier 1 capital instruments

Muscat: ahlibank has announced the successful issuance of its RO75 million Additional Tier 1 (AT1) capital instrument, which concluded on a private placement basis, recently.

Approved at the Extraordinary General Meeting in July 2022, the successful issuance of 75,000,000 Perpetual AT1 bonds, comprising 50,000,000 Bonds, with a Green shoe option of up to 25,000,000 additional bonds, will boost the Bank’s capital adequacy and supports its Tier 1 capital ratio. Owing to the strong demand from investors, the Bank exercised the green-shoe option of OMR 25 Million in full. The order book was also very well diversified across high-quality pension funds, sovereign funds, insurance companies, corporates, family offices and high net worth individuals.

Expressing gratitude to all the patrons who have partnered with the Bank in meeting its set objectives, Said Abdullah Al Hatmi, Chief Executive Officer, ahlibank, said, “On behalf of my team, I would like to thank our investors for the trust and confidence they have bestowed on the Bank and the issuance of our new bonds. Moving forward, this will enhance and strengthen our capital adequacy, while meeting other business requirements.”

“This successful transaction reflects the faith and confidence that investors have reposed in the Bank’s robust credit and business model;