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Opening Up a world of opportunity for our Clients’ ambitions in the Debt Capital Markets

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Putting our Debt Capital Markets award-winning capabilities to work for our clients.

Global bond markets have undergone drastic changes in 2022, with inflation, monetary policy and geopolitical events competing to take centre stage. Despite these headwinds, HSBC has continued to execute on its clear, client-centric strategy; helping clients across the globe to continuously access pockets of liquidity and offer them a timely, global market read. This approach allowed us to lead the way in helping clients access global liquidity in 2022.

By putting our clients’ ambitions at the heart of our strategy, we have been recognised in the industry across a number of accolades:

  • In February 2023, IFR named HSBC European Investment-Grade Corporate Bond House in their 2022 IFR Awards. The publication called out our strategic, client-centric approach, which resulted in league table gains in both euro (up from eighth to third) and sterling (up from three to two). IFR also acknowledged HSBC’s ability to accurately read the market, highlighting our agility and scale, and referencing successful work for clients, including repeat mandates for Enel, Nestle and Unilever. HSBC was also named ESG Financing House of the Year, following a year of significant progress where we cemented our position as a top five underwriter of GSSS bonds globally.
  • In March 2023, HSBC’s Debt Capital Markets capabilities were also recognised in the GFC MENA Bonds, Loans & Sukuk Middle East Awards 2023 across three categories:
    • Sukuk House of the Year (2nd time in 3 years).
    • Sovereign, Supra, Agency Bond House of the Year.
    • Local Currency Bond House of the Year.
  • More recently, in May 2023, The Banker Deal Awards 2023 recognised our ability to lead client transactions, which was highlighted in 7 key categories, demonstrating our ability to provide holistic, innovative solutions on landmark, ground-breaking debt capital market transactions across the globe.

Find out how we supported these clients on their landmark transactions below.

In volatile markets, clients have rightly expected tailored solutions and best-in-class market access and execution. HSBC’s global platform, structuring capabilities and investor reach have positioned us extremely well to deliver.

Adam Bothamley | Global Head of Debt Capital Markets

Award Category: ‘Infrastructure & Project Finance, Middle East’

GreenSaif's multi-tranche project bond

Award Category: ‘Bonds: Corporates, Middle East’

Mubadala’s USD1 billion Formasa offering

Award Category: ‘Islamic Finance, Middle East’

Riyad Bank’s USD750 million sukuk

  • The transaction set a number of precedents. It is the first USD Sukuk project bond: the innovative Sukuk structure that allows to market to AAOIFI-compliant jurisdictions to ensure accessibility to widest Islamic investor base
  • It is also the first dual-listed Formosa project bond and the mix of various tranching enabled the Issuer to access the widest investor base.
  • HSBC acted as Joint Bookrunner
  • This transaction marks the first ever USD-denominated Formosa bond by a corporate issuer in the 10-year bucket & Mubadala's first 144A/RegS offering since 2019
  • HSBC acted as Joint Bookrunner and B&D bank
  • This was the first AT1 ever issued in Sustainable format out of CEEMEA, and lowest Reset margin ever achieved by a GCC bank
  • HSBC acted as Joint Bookrunner

Award Category: ‘Islamic Finance, Europe’

Türkiye’s USD2.5 billion sukuk

Award Category: ’Bonds: Sovereigns, Supras and Agencies, Africa’

South Africa’s USD3 billion bond issuance

  • This transaction for the Republic of Türkiye capitalised on the most stable backdrop in recent weeks to conduct its 2-day issuance, successfully navigating highly volatile market conditions. The deal generated notable bid from Islamic investors, with the Middle East taking a large portion of allocations
  • HSBC acted as Joint Bookrunner and B&D Bank
  • The transaction was South Africa’s first international issuance in over two and a half years
  • Also represented the largest EM sovereign transaction since the eruption of the Russia/Ukraine conflict at time of completion
  • HSBC acted as Joint Bookrunner and B&D Bank

Fulfilling our Clients’ ambitions in the Debt Capital Markets

Opening a world of opportunity in Capital Markets

At HSBC, we understand that our clients' needs evolve and grow to adapt to market conditions, to meet new business requirements and to stay relevant in their respective sector.

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