Mubasher: Renaissance Services Company announced on Tuesday its desire to repurchase the third and final tranche of Mandatory Convertible Bonds (MCBs) at a price of OMR 0.149 from its MCB holders.

The company also said that it has successfully completed the repurchase of first and second tranche of MCBs in 2015, according to a bourse filing.

Renaissance set 25 July as a date for the repurchase of the third tranche, and will submit the MCB sale authorisation forms to the broker from 26 July to 1 August.

To guarantee fairness and transparency of the settlement mechanism, the company will request the Muscat Securities Market (MSM) to suspend trading of MCBs from 26 July 26 to 8 August 8.