HSBC'S COCO RESCUE ACT TEAM OF THE MONTH

摘要

As autumn arrived in europe this year, the leaves also seemed to be turning brown in the once verdant market for contingent convertibles (CoCos). Something special was needed to reinvigorate it, and that something duly arrived - HSBC's $5.7bn inaugural additional Tier 1 (AT1) issue, the largest of its kind so far.