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HSBC CAPITALISES ON HYBRID INSTRUMENT RESURGENCE Team of the month

Apr 01, 2019 - The Banker

In 2018, Issuance of CAPITAL SECURITIES by corporates and financial institution groups (FIG) worldwide fell 18%, from the previous year's $404bn to $330bn, according to Dealogic.

Towards the end of the year, investors felt increasingly negative about the immediate future, including the likelihood of the Federal Reserve tightening rates and the prospect of a US-China trade war. "The market was difficult in the fourth quarter," acknowledges Jean-Marc Mercier, HSBC's global co-head of debt ca...