HSBC fires starting gun on second half AT1 supply
HSBC has said that it will look to raise additional tier one (AT1) capital in the second half of 2019, as investors point to 10 or more issuers that could refinance securities in the next six months.
When announcing its latest quarterly results earlier this week, HSBC said that it was still expecting to issue AT1s for a “low single digit” value in terms of billions of US dollars.The UK regulated bank has a $1.5bn 5.625% AT1 arriving at its first call date ...
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