HSBC uses green for TLAC pre-funding

Jasper Cox

November 27, 2018 01:45 pm

HSBC2_PA_230x150 — A HSBC branch in London as the banking giant is to cut between 22,000 and 25,000 jobs globally including a reported 8,000 in the UK as part of an overhaul to slash costs and reshape the business. | John Stillwell/PA Archive/PA Images

HSBC Holdings took €2.25bn out of the euro market on Tuesday, raising funding to meet its total loss-absorbing capacity (TLAC) target. The bank recently sold bonds aligned with the UN’s Sustainable Development Goals, but switched to its green framework for one tranche in this week’s trade.

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Topics

Senior Debt Europe EMEA HSBC SRI FIG

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Jasper Cox