HSBC Holdings Share News (HSBA)

Top Europe banks close capital shortfall to 12 bln eur -EBA

LONDON, Sept 11 (Reuters) - Europe's top banks lifted their average capital ratios by 1 percentage point in the second half of last year and have almost fully met new capital rules that are being phased in, the industry regulator said. The European Banking Authority said on Thursday there w

BUZZ-Banks face litigation bill of over 100 bln eur -analyst

** Europe's banks face at least 15 major litigation issues that could result in fines of more than 100 billion euros ($129 billion), analysts at Berenberg estimate. ** Potential fines and litigation are one of the major uncertainties facing banks, and could hamper dividend payouts or trigger capi

Hong Kong wins tight pricing on inaugural $1 bln sukuk

By Bernardo Vizcaino Sept 11 (Reuters) - The Hong Kong government has raised $1 billion from its inaugural issuance of sukuk, or Islamic bonds, attracting an order book of $4.7 billion for the five-year deal, the Hong Kong Monetary Authority (HKMA) said on Thursday. The sukuk achieved

CORRECTED-UPDATE 2-HSBC bolsters confidence with USD5.6bn CoCo trade

(CORRECTS BOND TENOR IN PARA 14) By Aimee Donnellan and Danielle Robinson LONDON/NEW YORK, Sept 10 (IFR) - HSBC helped restore confidence in contingent convertible (CoCo) Tier 1 deals from European banks Wednesday with appropriate pricing on its US$5.6bn-equivalent triple-tranche doll

HSBC sets final terms on US dollar CoCo bond

By Aimee Donnellan LONDON, Sept 10 (IFR) - HSBC is set to price US$3.75bn worth of contingent convertible bonds through a dual-tranche offering on Wednesday, according to a market source. Europe's largest bank by assets is selling a US$1.5bn perpetual bond that is callable after five years

HSBC to price 1.5bn CoCo

By Aimee Donnellan LONDON, Sept 10 (IFR) - HSBC has set the final terms on its euro contingent convertible (CoCo) bond. The deal, sized at 1.5bn, will price at 5.25% after attracting orders in excess of 6.5bn, according to a market source. (Reporting by Aimee Donnellan; editing by A

OBITUARY-Emilio Botin: the conquistador of Spanish banking

By Sarah White and Sonya Dowsett MADRID, Sept 10 (Reuters) - Emilio Botin, patriarch of one of Europe's top corporate dynasties who died on Tuesday at 79, was credited with turning a local Spanish lender into one of the world's biggest banks and helping to drive Spain's remarkable economic

HSBC's first CoCo takes high-grade spotlight

By John Balassi Sept 10 (IFR) - HSBC's inaugural CoCo issue will be the big story in the US high-grade market Wednesday, with the perpetual subordinated offering attracting strong interest from investors. Despite signs of push-back after the recent deluge of supply, order books for th

UPDATE 1-HSBC gets strong momentum for inaugural CoCo bonds

(Adds background, quotes) By Helene Durand LONDON, Sept 10 (IFR) - HSBC has attracted over 18bn-equivalent of investor demand for an inaugural CoCo issue, showing the depth of the market for new names in the format. The UK lender began marketing US dollar and euro Additional Ti

UK BROKER RATINGS: Davy Upgrades IAG To Outperform From Neutral

Orders for HSBC's dollar CoCos over US$16bn

By Helene Durand LONDON, Sept 10 (IFR) - The order book for HSBC's inaugural US dollar Additional Tier 1 issues has swelled to over US$16bn, according to two sources. Guidance is unchanged at 5.75% to 6% for the perpetual non-call 2020 and 6.5% to 6.75% for the perpetual non-call 10.<

Orders for HSBC's inaugural CoCo swell to over 5bn

By Helene Durand LONDON, Sept 10 (IFR) - The order book for HSBC's inaugural euro Additional Tier 1 has swelled to over 5bn according to a source. The transaction continues to be marketed at 5.5% area although the level is expected to be revised during the London morning. The d

Hong Kong opens books on first Islamic bond

By Lianting Tu Sept 10 (IFR) - Hong Kong is to launch its first Islamic bond as early as today after opening books on a US dollar five-year deal this morning. The global sukuk will raise up to US$1 billion and will offer investors around 30bp over five-year US Treasuries, according to

High-grade market struggles to sell US$8.775bn

By Mike Gambale and Danielle Robinson NEW YORK, Sept 9 (IFR) - The US high-grade bond market continued to show signs of fatigue Tuesday, as some of the US$8.775bn in new deals struggled to get over the line amid the recent flood of supply. More than US$67bn has printed in the last fiv

Order book for HSBC CoCo dollar bonds tops US$11bn: source

By Danielle Robinson NEW YORK, Sept 9 (IFR) - Investors have flooded HSBC with more than US$11bn of orders for its inaugural Tier 1 contingent convertible (CoCo) bond, putting it in strong position to increase the size of the trade in Asia overnight. According to market sources, the b