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HSBC Reclaims Bond Crown in Mideast and Awaits Spurt to Beat Fed

  • Borrowers focusing more on ESG bond sales, Darwish says
  • HSBC topped league table for MENA debt underwriting last year

HSBC Holdings Plc, which last year was the top arranger for bond sales in the Middle East for the first time in more than half a decade, has another busy stretch coming up as borrowers race to markets ahead of looming U.S. interest-rate hikes.

Following $122 billion in debt sales in 2021, governments and companies will probably front-load much of their funding needs this year to the first few months in anticipation of monetary tightening by the Federal Reserve, according to Khaled Darwish, the Dubai-based head of debt capital markets at HSBC.