HSBC DISCO Action Group Presses Bank for More Transparency Over DISCO Reclassification
London (ots/PRNewswire) - A group of eight asset managers holding investments in four issuances of DISCO bonds (Discount Perpetual Floating Rate Securities) by subsidiaries of HSBC Holdings plc is pressing the bank for clarification and more transparency around its decision, disclosed in a public announcement on 4 May 2018, to reclassify these bonds as eligible Tier 2 ...
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