HSBC's move to resume public offering activity via 'selected partners' pays off

HSBC returned to the top five bond provider ranking in its home market - the UK, and top three globally in 2017 after several years of subdued retail activity (two products in the UK in 2015, 19 in 2016/ 67,114 globally in 2015, 46,563 products in 2016). Last year, the UK bank almost doubled its hedging activity (41 products) in the UK only and year to date has over taken Natixis and looks well positioned to challenge Commerzbank and Societe Generale in the top three table. This increased activ