HSBC Holdings Share News (HSBA)

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

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