HSBC Holdings Plc, the top arranger of Arabian Gulf bond sales this year, said investors will seek the safety of larger debt issues in 2012 amid the Arab uprisings and Europe’s sovereign debt turmoil.
Bond sales similar in size to Qatar’s $5 billion offer last month would draw in investors seeking securities that are actively traded in the secondary market, Andrew Dell, head of HSBC’s Middle East and Africa debt capital markets business, said in a December 15 telephone interview.
“In choppy markets, investors want liquidity and liquidity comes with very large transactions,” said Dell, who is based in Dubai. Investors are seeking securities that give them flexibility to “adjust their portfolios,” Dell said.
Bond sales similar in size to Qatar’s $5 billion offer last month would draw in investors seeking securities that are actively traded in the secondary market, Andrew Dell, head of HSBC’s Middle East and Africa debt capital markets business, said in a December 15 telephone interview.
“In choppy markets, investors want liquidity and liquidity comes with very large transactions,” said Dell, who is based in Dubai. Investors are seeking securities that give them flexibility to “adjust their portfolios,” Dell said.
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