HSBC lowers forecasts for MREL issuance, interest costs

By Owen Sanderson, Tyler Davies
04 May 2017

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.

In a presentation accompanying its first quarter results, HSBC said it believed it already complied with its MREL requirement for 2019.

As a result, the UK regulated bank said its MREL issuance would be towards the ...

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