JPMorgan may be biggest arranger of Middle East bond deals
New York-based bank is threatening to break HSBC's 9-year streak as the region's biggest deal maker
Dubai
IN the hottest battleground for emerging-market bond deals, JPMorgan Chase & Co is outflanking HSBC Holdings plc for the first time in a decade.
The New York-based bank is threatening to dislodge its British rival as the biggest arranger of new issues in the Gulf Cooperation Council (GCC) after topping the league table at the end of the third quarter, data compiled by Bloomberg shows. JPMorgan is moving up because governments and companies in this Middle Eastern region are borrowing more than ever and wooing American investors to soak up the extra supply, according to Matthew Hartley of law firm Allen & Overy LLP.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say
BNP weighing up to 150 job cuts in Geneva to slash costs