By Aaron Hochman-Zimmerman
New York, July 24 - Hong Kong Mortgage Corp. priced $1 billion of five-year bonds (Aaa/AA+/AA+) at a spread of Treasuries plus 110 basis points, according to a market source.
The 3½% bonds came to market at 99.527.
HSBC and JPMorgan were bookrunners for the deal.
Hong Kong Mortgage is a government-controlled buyer of home loans.
Issuer: Hong Kong Mortgage Corp.
Issue: Global bonds
| Amount: | $1 billion
|
| Maturity: | Aug 4, 2014
|
| Coupon: | 3½%
|
| Price: | 99.527
|
| Spread: | 110 bps over Treasuries
|
| Bookrunners: | HSBC, JPMorgan
|
| Pricing date: | July 24
|
| Settlement date: | Aug. 4
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
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