In allocating debt securities to investors, Mashreqbank does not adhere to a fixed quantifiable methodology. It is generally based on judgement and an assessment of the merits of allocating to a particular investor and would expect to observe one or more of the following principles:
Issuer clients’ requirements and preferences will take precedence
Allocation will be made on an equitable and fair basis
Allocation will not be made with reference to or in consideration of any actual or promised, past or future revenue
Allocation will not be made as compensation or award for participation in any transaction
The size of an investor’s expressed interest
Price limits set by potential investors
The investment profile which the potential investor falls under
The geographic location of the investor and the timeliness of the investor’s indication of interest
The trading patterns of the investor in comparable offerings
Quality, general investment philosophy and areas of specialisation of the potential investor(s), including their investment strategy, purchasing capacity, expected holding period, and past dealing and / or ownership in other debt securities of the issuer or industry sector
The nature and level of interest shown by a particular investor in the issuer and the offering, for example its involvement in issuer road shows and the quality and timeliness of feedback
Where applicable, allocation of orders from Mashreqbank internal desks will not be treated favourably ahead of orders from clients with similar investment characteristics