There was a passage in Cherie Blair’s memoir, published some 17 years ago, which I find particularly difficult to forget. No, I’m not talking about her gruesome oversharing of the details of Leo’s conception at Balmoral (my apologies… I’m sure there’s a helpline number for anyone still shuddering over that one), but of another particularly
HSBC Holdings Plc is placing some of its investment bankers on short-term retention agreements as it winds down various businesses in a broad overhaul led by new Chief Executive Officer Georges Elhedery, according to people familiar with the matter. In some cases, the bankers are on three- to six-month work arrangements to finish client mandates
HSBC Asset Management has launched the HSBC Euro Fixed Term Bond 2028 fund. The strategy, which invests primarily in Euro-denominated investment grade corporate bonds from developed markets, will offer access at launch to yields of between 4-4.3% over a four-year term. At maturity in 2028, the fund aims to return net invested capital to shareholders.
The World Bank, through the International Bank for Reconstruction and Development (IBRD), has issued a $225 million Amazon Reforestation-Linked Bond, the largest outcome bond in its history, to support reforestation efforts in Brazil’s Amazon rainforest. This 9-year bond links investor returns to the generation of Carbon Removal Units (CRUs) derived from reforestation projects, marking the first