Mubasher: Muscat Bank plans to attract U.S. dollar funds through its Euro Medium Term Note (EMTN) programme which is listed on the Ireland stock exchange.

According to a bourse filing, the bank will appoint a number of leading banks to arrange a series of meetings with fixed-income investors as of 20 April.

The Qatar-listed bank expected the issuance of US dollar-denominated bond with varying amounts and dates according to market conditions.

Earlier in March, Bank Muscat said that compulsorily convertible bonds (CCBs) issued in 2013 will be converted into common equity shares on 20 March, as per the terms of the prospectus.