HSBC
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◆ Secondary rally shows appetite for risk ◆ Issuers target quick intra-day execution before CPI ◆ HSBC starts by luring Asian demand -
Dollar issuer returns to euros in quiet market to expand investor base
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◆ French Samurai issued across the capital structure ◆ Bank of Japan supports cheaper yen issuance than dollars ◆ HSBC lures yield-driven buyers with lower yielding senior bail-in foray
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Investor diversification and duration lure issuers, but lower need for single currency and lack of arb will limit further issuance
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Issuers set to follow anticipated EU new issue with deals ahead of Federal Reserve’s next meeting
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German issuer funded in sterling more cheaply than in euros or dollars
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Debt ceiling proposals fail to revive dollar issuance
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Asia SSA Bonds
Deal follows Korean Development Bank's appearance earlier in the month
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Ian Dorrington to join in New York after 12 years at Deutsche
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Two more French issuers took €2bn between them in what is proving a busy spell for SSAs from the country
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Equal cost of funding in euros and dollars allows global companies to diversify investor base
