In brief: HSBC Bank Canada is planning a three year US dollar benchmark after a roadshow starting next Tuesday, which could be the first post-summer trade in the dollar market.

The Canadian issuer has mandated HSBC for a series of European investor meetings and global investor calls running from Tuesday, after which it may issue a three year fixed rate 144A/Reg S dollar benchmark.

The deal will be only the second benchmark covered bond from HSBC Canada, whose inaugural trade was a $750m (EUR676m, C$999m) three year 144A/Reg S deal in November 2018.

The last dollar benchmark was a $1bn three year for Lloyds Bank on 17 July.