HSBC Bank Canada completes issuance of US$750M Covered Bonds
November 28, 2018
750.00 Million USD
On November 28, 2018, HSBC Bank Canada completed an issuance of US$750 million 3.300% Series CBL1 Covered Bonds due November 28, 2021. The offering was made pursuant to HSBC's $3.5 billion Legislative Covered Bond Programme registered under the Canadian legal framework for covered bonds administered by the Canada Mortgage and Housing Corporation.
HSBC Bank Canada is a subsidiary of British banking giant HSBC – one of the largest banking groups in the world.
McCarthy Tétrault LLP advised HSBC Bank Canada with a team led by Marc MacMullin that included Candace Pallone, Ailbish Skinner and Ekaterina Popoff (Financial Services), Tina Benson (London office) and Robert Nearing (Tax).