You are here

Buyers welcome HSBC's holding company debt

It could encourage foreign banks to tap US market to meet new regulatory requirements
Saturday, March 5, 2016 - 05:50

BT_20160305_CPHSBC5_2151133.jpg
A BIG DEAL: The bank announced the self-led transaction just a few days after it said that it needed to raise US$60 billion-80 billion of TLAC debt by 2018, well in excess of its US$51 billion maturities over the same period.

New York

A STRONG response to HSBC's US$7 billion senior holding company bond earlier this week is expected to encourage other foreign banks to tap the US market to meet new regulatory requirements.

HSBC's deal, its largest ever in dollars, will count towards its Total Loss

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom