HSBC
-
◆ EBRD priced off primary ◆ KfW achieves greenium? ◆ Tight pricing on both deals -
◆ Record book and deal size ◆ Investor demand 'at odds' with media headlines ◆ Key BoE actor clears up position
-
RBC, Jefferies and BNP Paribas are well placed to make gains as HSBC retrenches after Deutsche Numis shows momentum
-
◆ ‘Huge’ euro success after record dollar deal ◆ Another record broken ◆ Issuer now 35% funded
-
◆ Why you got paid what you got paid ◆ Insider reveals what really goes on when bonuses are allocated ◆ HSBC winds down M&A and ECM
-
◆ Deal over 3x covered ◆ Peer supply 'only way to look at pricing' ◆ No-grow label helps deal
-
◆ Deal four times covered ◆ Walloon used as reference ◆ Higher than average tightening
-
Bank is substantial player in European ECM and M&A, though not in inner bulge bracket
-
◆ Book halves after tightening ◆ Bond prices at fair value ◆ Tightening by 1bp could 'kill a trade for the German states right now'
-
◆ DC-based supra taps undersupplied part of curve ◆ Much bigger book than usual ◆ Secondary levels makes judging fair value hard
-
◆ Small French name attracts €3bn book ◆ Almost no premium needed ◆ Small pick-up to OATs no problem
-
◆ Fair value tricky but British Columbia a marker ◆ NWB raises £250m ◆ 'Softer tone' in market
