BANK MUSCAT returned to the international bond market for the first time in two years with a US$500m five-year deal that priced tighter than investor feedback had suggested during marketing calls. The Omani lender is rated in line with the sovereign at Ba3/B+/BB-. And the bank's 2023s - its most recent new issue that priced in March 2018 - were trading around flat versus the sovereign.
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