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.

  • By Tyler Davies
  • 06 Aug 2019

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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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 10,508.92 89 5.90%
2 HSBC 10,220.20 53 5.74%
3 LBBW 8,393.04 48 4.71%
4 Natixis 7,239.94 37 4.07%
5 Barclays 7,218.44 37 4.05%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 60,603.56 279 5.88%
2 JPMorgan 58,738.70 311 5.70%
3 Citi 55,661.62 319 5.40%
4 Morgan Stanley 46,520.48 253 4.52%
5 Goldman Sachs 41,235.04 361 4.00%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 49,795.27 235 11.30%
2 JPMorgan 47,158.34 241 10.70%
3 Citi 43,890.39 248 9.96%
4 Morgan Stanley 35,695.37 177 8.10%
5 Goldman Sachs 31,421.70 306 7.13%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 5,939.43 23 6.68%
2 LBBW 5,403.66 21 6.08%
3 UniCredit 5,308.44 25 5.97%
4 Credit Agricole CIB 5,190.96 23 5.84%
5 HSBC 5,076.13 19 5.71%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 6,245.72 16 13.46%
2 UBS 4,356.06 22 9.39%
3 BNP Paribas 3,955.22 18 8.52%
4 Credit Agricole CIB 3,549.81 11 7.65%
5 Credit Suisse 2,989.22 12 6.44%