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| Global Awards | |
| High grade | High-yield |
| Equity | M&A |
| Structured credit | Restructuring |
| Regional Awards | |
| Asia | Latin America |
| CEE | Middle East |
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When HSBC launched what was then the largest UK rights issue and the biggest non-government backed equity capital raising ever attempted, the global markets held their breath. This was a dark moment. Amid the seizure of financial markets following the bankruptcy of Lehman in 2008, fear persisted – even after the first rush of government support – that the global banking system might collapse. Debate raged over whether many banks were trading while insolvent and whether widespread nationalization was needed.
HSBC was not in such dire trouble itself.