National Bank of Oman (NBO) said it would issue up to $300 million additional perpetual Tire 1 capital securities, according to a bourse filing.

The Omani bank has mandated a consortium of Bank of America Merrill Lynch, Citi, Crédit Agricole CIB, National Bank of Abu Dhabi (NBAD), and Standard Chartered Bank as joint lead managers to arrange a series of fixed income investor meetings in Asia, the Middle East, and Europe starting 5 November, 2015.

NBO, which was rated at A3 by Moody’s and BBB by Fitch, added that “A benchmark USD perpetual Tier 1 Regulation S bond offering may follow subject to market conditions.”