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HSBC in the markets - latest news

• No need to panic over UK banks' China exposure

  The UK banking sector has more links to China than the equivalent sectors in the US, Japan, the euro area and South Korea do combined. Analysts are warning that China's growth is slowing, and HSBC’s poor results have been linked to this. But those espousing that view are overstating the connection.

  • 06:15 PM

• Cyprus limits size for 15 year

  Cyprus printed a first 15 year benchmark on Tuesday, pushing out its curve and receiving orders of over €8bn. Despite the strong demand, the borrower elected to keep the size of the deal to €1bn, despite leads announcing on Tuesday morning that the size would be up to €1.5bn.

  • 05:30 PM

• France smashes long-end records

  An SSA borrower smashed another set of records with a long dated bond on Tuesday. France’s hotly anticipated 30 year syndication did not disappoint, raising €7bn with its lowest yield ever for at the maturity.

  • 05:15 PM

• Credit revenue halves at HSBC

  HSBC’s global banking and markets business increased its use of reserve repo and customer deposits for funding in 2018. But it endured a tough fourth quarter, with inflows from credit in its fixed income, currency and commodities (FICC) division sinking by 49.7%.

  • 04:30 PM

• ElingKlinger syndicates loans amid car industry shake-up

  Germany’s ElringKlinger has signed a €350m loan. The automotive supply company swapped bilateral lines for syndicated lending as it looks to shore up its capital structure amid widespread upheaval in Europe’s vehicle industry.

  • 02:15 PM