HCB plots regular senior market presence

Hamburg Commercial Bank is aiming to establish a regular market presence as part of its post-privatisation transformation plan by following a senior deal on Tuesday with a return to a non-preferred format later this year.
HCB issued a €500m five year preferred senior bond at 73bp over mid-swaps this week.
“We have two transactions planned for this year, including this five-year senior preferred deal,” said Ralf Loewe, head of treasury at the bank. “Conceivable is another benchmark senior non-preferred trade for late this year. ...Already a subscriber? Login