HSBC and Handelsbanken dodge negative yields in senior
HSBC France and Svenska Handelsbanken avoided issuing senior bonds at negative yields in a busy new issue market on Tuesday, but bankers said it was only a 'matter of time' before someone takes the plunge below 0% with an unsecured deal.
Financial institutions jumped head first into the new issue market on Tuesday, despite major uncertainty about the direction of the US-China trade war.Among the many deals on offer, Swedish bank Svenska Handelsbanken was marketing a seven year senior non-preferred bond in euros — its debut in ...
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