Investors put in €1.5bn orders for HSBC’s preferred senior

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Investors put in €1.5bn orders for HSBC’s preferred senior

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A general view of the HSBC building in Canary Wharf, London. About 500 UK jobs are being axed at HSBC as part of a worldwide cull within its investment banking division, the group confirmed today. | Katie Collins/PA Archive/PA Images

HSBC reopened the financial institutions bond market on Friday with the sale of a senior preferred note that pulled in demand of €1.5bn two hours after the trade started.

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