`Brexit' Warnings Crop Up in Bond Offerings as Disruptions Seen
- HSBC, EasyJet among issuers listing separation as a debt risk
- Sterling-debt borrowing costs rise after referendum date set
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Companies are stepping up warnings to investors that a British exit from the European Union may eat into revenue and cut the value of their securities.
HSBC Holdings Plc has flagged a so-called ‘Brexit’ as a potential risk for buyers of its bonds. Cardiff University in Wales and low-cost airline EasyJet Plc have also said that uncertainty over membership in the bloc may disrupt operations. The risk is especially pronounced among borrowers in the U.K., though European firms are also on alert.