HSBC lowers forecasts for MREL issuance, interest costs

Owen Sanderson,

Tyler Davies

May 04, 2017 01:45 pm

HSBC_branch_PA_230x150 — General view of a HSBC branch in London as the bank today reported pre-tax profits of 5 billion US dollars (£2.98 billion) for the first six months of 2009, 51\% below the same period last year. | Tim Ireland/PA Archive/PA Images

HSBC said on Thursday that it expected to issue close to $60bn of new bonds for the minimum requirement for own funds and eligible liabilities (MREL) over the next few years, having scaled down its previous estimates.

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Topics

Bank Results Senior Debt FIG People and Markets UK Europe EMEA HSBC FIG People and Markets

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Owen Sanderson

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Tyler Davies