‘Red hot’ dollar market welcomes HSBC, BNPP

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‘Red hot’ dollar market welcomes HSBC, BNPP

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American Dollars in Focus. Benjamin Franklin One Hundred Dollars Banknotes. Dollar Trading. | Tomasz Zajda - Fotolia

Enticing conditions for Yankee issuers in the dollar market allowed HSBC to raise $5bn of holding company level senior debt in its first major deal of the year on Monday, and allowed BNP Paribas to brush aside any nervousness about the French elections for $1.25bn of tier two capital.

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