HSBC and Handelsbanken dodge negative yields in senior

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By David Freitas
27 Aug 2019

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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