FINNEWS LATAM-HSBC starts coverage of QGOG, Schahin, Odebrecht oil ABS

HSBC Securities analyst Sarah Leshner began on Monday coverage of six asset-backed securities in the Brazilian oil and gas equipment and services industry, saying the bonds offer an opportunity for investors to play the sector while being shielded from volatility in prices and output volumes. Leshner initiated coverage of debt issued by QGOG and Schahin with an "overweight" recommendation, and a "neutral" one for Odebrecht.