HSBC launches ‘Mena bonds, sukuk platform’ for Qatar customers


28/05/2012 07:24 AST  Gulf Times

HSBC has launched “Mena bonds and sukuks platform” offering relatively easy access for the bank’s retail customers in Qatar.

The offer provides a “comprehensive” wealth management proposition to HSBC customers and allows them to achieve a more balanced investment portfolio and diversify their investment risk.

“We have had a number of requests from our customers, our Qatari national customers in particular, to offer access to investment opportunities with potential for steady income streams from products such as bonds and sukuks. This offer addresses an important need in the Qatar market and provides our premier customers a new opportunity to diversify their investment portfolios,” said Kris Werner, HSBC Qatar head for retail banking and wealth management.

HSBC offers a comprehensive range of over 200 bonds and sukuks issued by governments and corporates in the Mena Region.

Bonds are typically issued in a minimum denomination of $100,000.

Bonds and sukuks offer customers an opportunity to potentially earn regular income through coupon payments.

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