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HSBC set to pass Lloyds as Europe's biggest issuer of CoCo bonds

New issues this year will bring its total close to US$10b
Friday, January 16, 2015 - 05:50

London

HSBC Holdings will surpass Lloyds Banking Group this year as Europe's biggest issuer of the riskiest bank bonds, say some of region's biggest debt investors.

HSBC will sell about US$4 billion of additional Tier 1 notes, a type of contingent capital bond designed to absorb