Issuer Services

Credit rating

Our strong credit rating and robust balance sheet help you reduce counterparty risk, an essential element for efficiently managing your transaction.

Global network

Issuer Services supports clients globally, operating from 15 countries. We have presence in major cities like London, Paris, Hong Kong, Singapore, Dubai and New York. Our international presence enables us to offer our clients customised cross-border transactions and market-specific services.

Relationship-driven

Our experienced team provide hands-on assistance with onboarding and documentation review. A dedicated client service manager will provide ongoing support, while a specialised transaction manager will take care of your documentation.

Provides currency bank accounts required for transactions, with access made available to selected deal parties via HSBCnet where available

Calculates the rate of interest for floating and variable rate bonds/notes with reference to prescribed indices, and notifies the relevant transaction parties

Calculates the redemption price on a bond/note according to a prescribed formula, and notifies the relevant contractual parties

Related to securitisation - collates and manages cash flows and administers the payment waterfall across the capital structure of a transaction

HSBC can be instructed to hold securities as collateral for various structured or securitised transactions including Repackaged Note Programmes.

Co-ordinates the conversion from bonds/notes into the issuer's equity or for warrants into another form of security. Co-ordinates with the Transfer Agent (or Depositary for American Depository Receipt transactions), for the delivery of converted equity to the note holders

Related to Export Finance - acting as agent of the Export Credit Agency (ECA) in a direct lending transaction or where the ECA is acting as a guarantor to an HSBC loan

HSBC can be instructed by clients to hold cash or securities in escrow (the beneficiary is usually a third party introduced to HSBC Bank plc). NB - Custody services for all these roles are provided by HSS Global Custody. (France - cash only) (Saudi - Securities only)

Co-ordinates the exchange from one form of security to another or to cash.

Administers and services syndicated loan facilities. Serves as a mediator between the borrower and the lender group, in accordance with the collective instructions of the lenders and the borrower as stipulated within the agreement.

Related to Project Finance transactions - acts as a conduit between a group of facility agents and the borrower. In reference to Loans acts to outline and process repayment waterfalls

Processes payments of interest and principal from the issuer to investors, usually through a Clearing System

Facilitates the movement of cash and information for new issues of debt securities, particularly securities of continuous issuance programmes such as Medium-Term Notes. Often combined with Paying Agent role

Maintains the register of Noteholders for securities issued in registered form and adminsiters and records any transfer of ownership between the Noteholders

Appointed to represent the interests of Noteholders or lenders in relation to the issuer's/borrower's covenants over the maturity of the transaction

Holds the security granted by the issuer/borrower for the benefit of the various secured parties, with focus on enforcement of the security in a default scenario