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Bank Sohar to Sell $130 Million of Subordinated Debt in Private Placement

Bank Sohar, an Omani lender, received approval from the central bank to sell subordinated loans of as much as 50 million rials ($130 million) through a private placement.

The bank has started the issuance process of the debt with a maturity of seven years, Bank Sohar said in a statement to the Muscat bourse today.

To contact the reporter on this story: Arif Sharif in Dubai at asharif2@bloomberg.net

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