By Aimee Donnellan
LONDON, Sept 2 (IFR) - HSBC is preparing to sell its debutcontingent convertible bond following a global investorroadshow, according to the bank.
Europe's largest bank by assets has hired its own investmentbanking unit as sole bookrunner and coordinator to market theSEC-registered Additional Tier 1 securities.
The bonds will feature a 7% common equity tier 1 triggerwith equity conversion.
Meetings will commence on Thursday and conclude nextTuesday, with the bond issue expected to follow thereafter.
The bonds are expected to be rated Baa3 by Moody's and BBBby Fitch. HSBC's senior ratings are Aa3/A+/AA-. (Reporting by Aimee Donnellan; editing by Sudip Roy)