HSBC Is Left Off First China Dollar Bond Deal Since 2017
- HSBC left off deal list amid tensions over Huawei, Hong Kong
- Bank is targeting an expansion in China to revive fortunes
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HSBC Holdings Plc was left off the list of banks arranging China’s sovereign dollar debt sale for the first time since the nation returned with big annual deals in 2017.
Planned for this week, the $6 billion sale will be arranged by 13 banks, including four Chinese lenders and foreign banks such as Bank of America Corp., Citigroup Inc. and Standard Chartered Plc, according to people familiar with the matter who asked not to be named discussing a private information. The Ministry of Finance didn’t immediately respond to a fax seeking comment.