Exclusive: Japan’s Mizuho loses Saudi bond role in ongoing Gulf rift:
"Japan’s Mizuho Securities has lost a bond mandate for Saudi Arabia, on top of another for Qatar, banking sources said, highlighting how international banks have been caught up in Qatar’s ongoing dispute with its neighbors.
Saudi Arabia, the United Arab Emirates, Bahrain and Egypt, last year cut diplomatic and transport links with Qatar accusing it of financing terrorism. Doha denies those charges and says the boycott is aimed at stripping it of its sovereignty.
Last week Saudi Arabia and Qatar had more than $100 billion in total orders for competing U.S. dollar denominated bonds. Mizuho Securities, part of Mizuho Financial Group (8411.T), was offered a leading position in both the $11 billion Saudi issue and the $12 billion Qatar bonds. "
'via Blog this'
No comments:
Post a Comment