By Miriam Mukuru
HSBC issued a 5-year U.S. dollar denominated additional tier 1 bond on Thursday.
The bond's initial price talk is in the 7.625% area. "We see fair value at around 6.75% based on its outstanding AT1s, and expect it to price at around 7%," CreditSights' Simon Adamson said in a note.
The HSBC bond is the first U.S. dollar denominated AT1 bond supplied by a European bank since the U.S. announced far-reaching tariffs on April 2, CreditSights said.
Write to Miriam Mukuru at miriam.mukuru@wsj.com
(END) Dow Jones Newswires
May 29, 2025 08:18 ET (12:18 GMT)
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