HSBC rides Sing dollar bond momentum for AT1 return

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By Addison Gong
18 Sep 2018

HSBC Holdings took advantage of an open window for issuance in the Singapore dollar bond market, raising S$750m ($546m) from a Basel III-compliant additional tier one deal on Monday. But potential issuers still looking to tap the currency may need to adjust their expectations.

The Singapore dollar debt market has seen some robust issuance in recent weeks. At the start of September, DBS Group Holdings bagged S$1bn from a perpetual non-call seven year AT1 at 3.98%. Another local bank, OCBC, also tapped the currency last month, raising S$1bn from a

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