18.09.2012 - HSBC Saudi pipeline to cement top underwriter title
HSBC Holdings Plc is in talks to bring more Saudi Arabian companies to the bond market as growth in the biggest Arab economy helps the bank fend off rivals for the region’s top underwriter title, a bank executive said. Issuers in the world’s largest oil exporter have sold a record $8 billion of Islamic bonds this year, more than any Arab country, data compiled by Bloomberg show. London-based HSBC helped arrange $6.4 billion of sukuk in the kingdom, accounting for 70 per cent of its Middle East bond business..............................................Full Article: Source
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