HSBC

Labels and length as issuers offer duration to market where 'mis-steps' still possible

Issuer completes sterling funding at better levels than its recent euro outing

European agencies to dominate week’s issuance with Fed and Bank of England in focus

◆ Deal precedes redemption of AT1 and exacerbates shortage of paper in the currency ◆ Issuer locks in ‘very good’ arb ◆ HSBC’s third trade this week follows sterling covered and senior bonds

Deals went well but have not dispelled concerns around the fragility of euro covered bond demand

After recent issuers choose size over pricing, HSBC prepares a rare visit with an expected ‘tight’ five year

Policy lenders say they are monitoring yen pricing after South Korea’s debut

Two structured equity bankers have been promoted to new roles

◆ Bank aims for volume in the currency ◆ First deal since 2021 adds scarcity appeal ◆ Longer than five year maturity helped by Gilts outperformance

The pair have targeted collateral optimisation as a potential area that could be improved by the nascent technology

The sovereign's debut issuance could encourage other issuers from the country

Issuer has sold more international bonds than any of its provincial peers in 2023