HSBC
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Smooth ride for sovereign, but trade hints at wider investor unease about long end bonds -
Korean credit card company’s trade is set to prompt more deals from the country
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Investors still favouring liquidity, but smaller issuers can get deals done
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The appointment follows the departure of veteran DCM banker Sean McNelis
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The bank promotes from within to lead its China research coverage
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Financials expected to supply the bulk of offshore paper next week
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The premium attracted orders, leading to a tightening in the policy bank's bonds in the secondary market
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Bank needs hard evidence to repair its reputation
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The two-part trade attracted strong demand from deal-starved investors as the sovereign became realistic on pricing
