September 16, 2024 09:09 GMT
CREDIT SUPPLY: HSBC Issue; Books Above EUR4bn (!) Across Two Tranches
CREDIT SUPPLY
HSBC (HSBC: A3/A-/A+) two-tranche senior unsecured books are above EUR4bn already (!); we value the 6NC5 at MS+110bp area and the 11NC10 at MS+135bp area.
- “IPT: HSBC €Benchmark; 6NC5 MS+145 Area, 11NC10 MS+175 Area (1)” - BBG
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