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BRIEF- HSBC Carries Out First-Ever Securities Lending Transaction In Saudi Arabia

· 03/17/2021 04:22
BRIEF- HSBC Carries Out First-Ever Securities Lending Transaction In Saudi Arabia

- HSBC HOLDINGS PLC HSBA.L:

  • COMPLETES FIRST SECURITIES LENDING TRANSACTION IN THE SAUDI ARABIA

  • HSBC ACTED AS CUSTODIAN AND AGENT LENDER ON TRANSACTION FOR A LARGE REGIONAL ASSET OWNER, ENABLING HSBC TO BORROW SAUDI ARABIAN EQUITIES FROM ASSET OWNER AND PROVIDE ACCESS TO KINGDOM’S BURGEONING EQUITIES MARKET FOR A GLOBAL INSTITUTIONAL INVESTOR

Further company coverage: HSBA.L


((Reuters.Briefs@thomsonreuters.com;))