File - A JPMorgan sign is seen outside the office tower housing the financial services firm's Los Angeles, California offices,in this August 8, 2013. (AFP PHOTO / Robyn Beck)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
JPMorgan Chase & Co. is gaining ground in the debt markets of Gulf Cooperation Council states after the biggest U.S. bank helped manage this month's Islamic bond sale by Saudi Arabia's utility.JPMorgan is the biggest bond underwriter after HSBC Holdings Plc in the six-nation GCC in 2014, its best start to a year since 2007, according to data compiled by Bloomberg. JPMorgan's performance has come even as bond sales dropped almost 50 percent this year to $8 billion as some regular issuers, such as cash-flushed banks, refrain from tapping the market and offer cheaper loans to companies, data compiled by Bloomberg show.JPMorgan has helped arrange bond sales for Saudi Arabia's National Commercial Bank, Abu Dhabi Commercial Bank PJSC, Qatar National Bank QD, as well as Kuwait Projects Co., data compiled by Bloomberg show.
FOLLOW THIS ARTICLE