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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Ubhar Capital closes second bond mandate this year

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MUSCAT, MAY 27 - Ubhar Capital SAOC (U Capital) announced that it has successfully closed the RO 6.15 million bond issuance for Taageer Finance SAOC via private placement. U Capital acted as the Issue Manager for the transaction and provided debt advisory services and was responsible for fund raising. The bonds are listed on the Muscat Securities Market. This is the second bond transaction that U Capital advised on this year. In March, it had successfully closed the perpetual bond issued by National Finance Company SAOC which had an issue size of RO 18.2 million. It was the first domestic perpetual bond issuance by a non-Banking entity in Oman.


U Capital was the sole Issue Manager for that issuance as well and had undertaken the placement of the deal. U Capital is currently advising debt mandates worth over RO 125 million. Apart from debt advisory, U Capital has managed and advised several IPOs and secondary equity issues. U Capital offers a full spectrum of corporate finance and advisory services including Issue Management, M&A, privatisation and Financial Consultancy.


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