Mubasher: 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, according to a bourse filing.

The value of the CCBs being converted is OMR 30.275 million.

The price of the conversion will be OMR 0.337, and has been calculated at a 20% discount of the average closing market price, over the 90 days prior to the conversion date.