HSBC and Lloyds reopen UK bank supply after long absence

By Tyler Davies
05 Mar 2019

UK financial institutions are returning to the debt markets ahead of a fresh vote on the Brexit withdrawal agreement next week, with Lloyds Banking Group hitting the US market on Tuesday and HSBC Holdings turning to sterling after a dollar transaction earlier in the week.

The new offerings mark the first activity from UK banks in the public, unsecured debt markets since last November.

DCM bankers said that the country’s lenders will have been encouraged by the performance of credit spreads in 2019, following a near constant tightening in January and February.

UK ...

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