HSBC
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Reception from investors on Tuesday are weaker than some had expected -
EIB, KfW and BNG lead peers as expected, alongside DBJ which announced last week
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Supra sells the longest SSA bond in the currency in recent weeks
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Pricing is expected around September 7
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The issuer has kept sterling investors busy with 12 deals this year
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‘Things didn’t add up’ for a tap until this week
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Asian investors bought more than 40% of the deal following a recent roadshow
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◆ BNPP serves up dollar AT1 reopener ◆ HSBC lands dual tranche senior inside euros ◆ Borrowers expected to prioritise dollars over euros
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◆ Old Discos no longer attractive capital or funding tool ◆ But multiple AT1s also called with no signs of replacement ◆ UK banks well capitalised
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Cellnex is feeling the heat from rising interest rates with its €20.7bn pile of debt
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Issuer hopes to refresh its euro presence with a potential green bond
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Issuer has already been active in the currenty earlier in the year
