Customers line up to use a JPMorgan Chase ATM inside of a Duane Reade store in New York, U.S., October 3, 2016. REUTERS/Lucas Jackson
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In the hottest battleground for emerging-market bond deals, JPMorgan Chase & Co. is outflanking HSBC Holdings Plc for the first time in a decade.JPMorgan is moving up because governments and companies in the Middle East are borrowing more than ever and wooing American investors to soak up the extra supply, according to Matthew Hartley of law firm Allen & Overy LLP.The U.S. bank's ascent to the top was the result of its participation in some jumbo sovereign deals, including a $9 billion offering by Qatar, a Middle East record, Abu Dhabi's $5 billion sale and Oman's two deals that collectively raised $4 billion.HSBC remains the top arranger of syndicated loans in the GCC, which have surged 27 percent this year to $81 billion.Both JPMorgan and HSBC are among the sale managers, according to the people.
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