HSBC buys back $3.5bn of TLAC senior securities
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FIGSenior Debt

HSBC buys back $3.5bn of TLAC senior securities

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HSBC Holdings has finished the process of switching $3.5bn of short dated senior debt for a pair of new issues, as it looks to smarten up its liability structure for the total loss-absorbing capacity (TLAC) standards.

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