HSBC Holdings Share News (HSBA)

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

UPDATE 2-HSBC sets price talk on debut dollar CoCos

(UPDATES WITH MORE COMPS) By Helene Durand and Danielle Robinson LONDON/NEW YORK, Sept 9 (IFR) - HSBC Holdings started to gauge investor interest on a long-awaited inaugural contingent convertible (CoCo) transaction on Tuesday. The deal includes dollar and euro denominated Addit

MOVES-Gottex taps ex-HSBC exec to develop multi asset unit

LONDON, Sept 9 (Reuters) - Gottex Fund Management has hired former HSBC executive James Hughes to help develop institutional business for its multi asset investment unit. Hughes will join the Swiss money manager in October and report to Michael Azlen, the firm said in a statement on Tuesda

HSBC sets price talk on debut dollar CoCos

By Shankar Ramakrishnan NEW YORK, Sept 9 (IFR) - HSBC Holdings has started to gauge investor interest on a long-awaited inaugural dollar-denominated contingent convertible (CoCo) bond deal on Wednesday. The trade is coming in the form of two perpetual non-call tranches, one running up

HSBC begins marketing inaugural euro CoCo

By Helene Durand LONDON, Sept 9 (IFR) - HSBC Holdings has started to gather investor interest for an inaugural CoCo, at 5.5% for a euro denominated perpetual non-call eight year Additional Tier 1 issue. The deal is expected to be priced as early as Wednesday. The UK bank is expe

HSBC releases structure details for inaugural CoCo

By Aimee Donnellan LONDON, Sept 9 (IFR) - HSBC has released the structure details for its inaugural contingent convertible (CoCo) bond that could emerge as early as Wednesday. Europe's largest bank by assets is planning to sell Additional Tier 1 perpetual US dollar bonds callable afte

PRESS: UK's Big Banks Cut Lending By GBP364.7 Million - Bloomberg

London midday: UK stocks sink on fears over Scottish referendum, Ukraine

Concerns surrounding the upcoming referendum on Scottish independence and a fragile ceasefire agreement in Ukraine were weighing heavily on UK stocks on Monday. London's FTSE 100 was trading down 1% at 6,789 by midday. The index has not closed below the 6,800 mark since 22 August when it settled at

UPDATE 1-EU's Barnier seeks result of probe into banker allowances by end of Sept

* EU financial services chief fast-tracks response * UK bankers say pay is shareholder, not political matter * Britain takes bonus legal challenge to top EU court (Adds watchdog, banker reaction, background) By Huw Jones LONDON, Sept 8 (Reuters) - Banks use of so-called