Issuance of senior unsecured bonds

High-grade debt issuance surged to $57 billion in the first two days of September, potentially leading to a fourth consecutive monthly record. September's supply could exceed $200 billion, surpassing last year's $189 billion. Key deals include GlaxoSmithKline's $6.5 billion offering and UBS's $6 billion print. AI debt spreads remain tight, but yields have risen. M&A-related debt issuance increased to 20% in August, the highest since May.

HSBC's CFO Pam Kaur will step down in 2027 and move to an advisory role. The bank has begun searching for her successor as it undergoes restructuring. Kaur, the first female CFO, joined HSBC in 2013 and became CFO in 2025. Her departure follows recent leadership changes at the bank.

HSBC begins search for new CFO as Pam Kaur plans to retire in 2027. Kaur, CFO since 2025, will transition to an advisory role. HSBC's board will consider internal and external candidates. Kaur has 40 years of experience in banking.

HSBC Group CFO Pam Kaur will step down in 2027 and not seek re-election as a director. She will transition to an advisory role, supporting CEO Georges Elhedery. The board is searching for her successor, considering internal and external candidates. Kaur's departure terms include retention of Good Leaver status for deferred awards and eligibility for performance-based bonuses through 2027.

HSBC Holdings plc announced that Group CFO Pam Kaur will step down in 2027. Shares declined 1.1% in premarket trading. The company offers a 3.53% dividend yield with a 47% payout ratio and 28.8% 3-year dividend growth. HSBC is deemed 65.3% overvalued according to GF Value™ analysis, with a GF Score™ of 58/100. Insiders have been net sellers, and guru investors show mixed activity.

HSBC Holdings plc announced it repurchased 830,000 shares for $579.6M, with transactions on UK and Hong Kong exchanges. The average price paid was £15.2632 per share in the UK and HK$164.4059 in Hong Kong. The buyback was part of a program initiated on August 5, 2026.