HSBC rides through US political uncertainty to restart FIG supply

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By Tyler Davies
06 Nov 2020

HSBC Holdings did not need to wait for a result in the US presidential election as it opened order books for a dual-tranche senior deal in euros on Friday, paving the way for further supply in the FIG market next week.

Uncertainty was supposed to be the nightmare scenario for the market from the US election this week. 

But investors have already unwound most of their hedges following the vote on Tuesday, even though no winner has yet been declared. 

Deal arrangers predicted that strong technical dynamics ...

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