by bondevalue | Mar 3, 2021 | Financial Institution Bonds
Banking major HSBC raised $2bn via a two-part AT1 offering. It raised: $1bn via a perpetual non-call 5Y (PerpNC5) bond at a yield of 4%, 37.5bp inside initial guidance of 4.375% area $1bn via a perpetual non-call 10Y (PerpNC10) at a yield of 4.7%, 30bp inside initial...
by bondevalue | Feb 23, 2021 | Banks
HSBC reported a profit before tax of $8.8bn for 2020, down 34% YoY, beating expectations of $8.3bn. The bank also declared a dividend of $0.15/share to be paid in cash. Net profits were at $6.1bn, down 30% mainly due higher expected credit losses (ECL), impairment...
