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