HSBC names banks for first covered bond
HSBC Bank is expected to announce plans for its first covered bond next week, mandating ABN Amro, HSBC, Ixis CIB and Landesbank Baden-Württemberg to lead a Eu1.5bn-Eu2bn deal that could be launched in November.
The UK bank is understood to be well advanced in its plans, and has already pencilled in a roadshow for the end of this month.
The news comes as the covered bond market enters one of its busiest weeks of the year. This week, by contrast, no new jumbo
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