HSBC re-opens Yankee bank market

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By David Rothnie
16 May 2019

HSBC led a surge in dollar bond supply as high-grade banks sprang back into issuance mode after a two-week layoff.

HSBC Holdings, rated A2/A,  followed its pattern of issuing dollar paper every quarter with a $3bn offering of 11 year non-call 10 notes on Wednesday. The order book peaked at $6.2bn as the deal was printed with a new issue concession of around 8bp, according to one source ...

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