Mashreq targets Asian investors with billion-dollar programme

Asia-PacificMashreq Bank, the Dubai-based lender, has developed a $1 billion, multi-currency certificate of deposit (CD) programme in Hong Kong designed to attract institutional investors in Asia. “Mashreq Bank has been raising its profile in the region for some time now,” said Jan-Willem Sudmann, head of international banking group at Mashreq. “The introduction of this CD programme will entice more institutional investors across Asia Pacific to consider Mashreq as serious partner for their operations in the region.” The CD programme, which has been assigned a p-2 short term rating by Moody’s, will enable Mashreq to raise funds in US dollar, euro and the renminbi in addition to other currencies. The move comes at a time when the UAE is looking to forge closer ties with Asian economies and to lessen its reliance on its oil-dependent GCC neighbours. ©2018 funds global mena

Executive Interviews

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.


ROUNDTABLE: Charting the pace of reform

Nov 23, 2017

Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.


Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.