PANEL: strategic approach to capital structure evolution

In this panel, treasury leaders from Proximus and Pandora join HSBC to explore how corporates are evolving their capital structures in a more volatile and uncertain funding environment. The discussion will focus on treasury’s strategic role in balancing access to capital, cost of funding, flexibility, and credit quality, while still supporting wider business priorities.

Speakers will share practical approaches to translating corporate strategy into funding and debt management plans. This includes funding mix; refinancing and maturity profiles; liquidity buffers; and responses to shifting market conditions. The panel will also examine how target credit ratings and rating headroom shape financial policy decisions across investment, leverage, M&A, and shareholder distributions, and how treasurers can maintain resilience through strong engagement with banks, investors, and rating agencies.