HSBC is looking at subscribing to the second tranche of Dubai's $20 billion (Dh73.4bn) bond programme, a senior bank official said.
The bank may use it for its investment portfolio, that is it will buy bonds and distribute them to its private banking customers or it may use it for its trading book, said John Coverdale, Group General Manager and Global Co-Head of Commercial Banking at HSBC.
"Yes, we are looking at them. We will make a decision according to the pricing and other different dynamics," Coverdale told Emirates Business.
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