HSBC Canada to reopen dollar covered bonds

HSBC women rugby from PA 230x150
By Bill Thornhill
21 Aug 2019

HSBC Bank Canada is set to meet investors with a view to issuing the first dollar covered bond since the summer break and its second covered bond ever. The plans comes amid a growing euro pipeline and follows the first deeply negative yielding euro trade.

HSBC Bank Canada has mandated HSBC to arrange a series of European investor meetings and global investor calls starting Tuesday. A three year 144A/RegS, Aaa/—/AAA rated, dollar covered bond benchmark is expected to follow.

Three year dollar covered benchmarks were last issued in the first ...

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