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HSBC retail and corporate customers get access to bond markets

United Arab Emirates: Monday, October 11 - 2010 @ 10:46

Speaking about the launch, Ishrat Kiyani, Head of Premium Banking and Wealth Management, HSBC UAE said, “In the current climate of low interest rates and equity market volatility, the retail appetite for bonds has increased substantially. This new initiative aims to meet that demand by offering our private investors exposure to this market for the first time. We are delighted to offer the benefits of this type of fixed income investments to our retail customers in the UAE.”

A minimum investment of around US$100,000 is required for a single bond which mirrors the minimum tradable denomination in the bulk of the issues covered. HSBC will provide customers with daily net bid/offer prices (excl. custody charges) which we believe to be extremely competitive versus the marketplace.

With this minimum investment the retail customer is automatically entitled to become a HSBC Premier customer – the world’s only truly international personalized banking service. With a HSBC Premier account, customers will have access to comprehensive banking and wealth management services that can be accessed from wherever they live or work around the world.

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Monday, October 11- 2010 @ 10:46 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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