Home Industry Finance National Bank Of Oman Says Plans Tier 1, Tier 2 Instruments The bank’s board has approved the issuance of a Tier 2 instrument worth up to $900 million and a $300 million Tier 1 capital increase. by Reuters May 11, 2015 National Bank of Oman said on Monday its board had approved the issuance of a Tier 2 instrument worth up to $900 million and a $300 million Tier 1 capital increase. The bank said in a bourse statement that Basel 3 compliant Tier 2 issuance would be done through its EMTN (Euro medium-term notes) programme which the board has proposed to increase to $1.5 billion from $600 million. It will ask shareholders to approve those plans at a meeting on June 10. 0 Comments