By Cristal Cody
Prospect News, May 17 - HSBC Bank Canada (Aa2/AA-/DBRS: AA) priced C$1 billion of 2.572% deposit notes due Nov. 23, 2015 at par on Thursday, a bond source said.
The notes priced at a spread of 119 basis points over the Government of Canada benchmark.
HSBC Capital (Canada) Inc. was the bookrunner.
Vancouver, B.C.-based HSBC Bank Canada is a subsidiary of London banking giant HSBC Holdings plc.
| Issuer: | HSBC Bank Canada
|
| Amount: | C$1 billion
|
| Maturity: | Nov. 23, 2015
|
| Securities: | Deposit notes
|
| Bookrunner: | HSBC Capital (Canada)
|
| Coupon: | 2.572%
|
| Price: | Par
|
| Yield: | 2.572%
|
| Spread: | 119 bps over Government of Canada benchmark
|
| Pricing date: | May 17
|
| Settlement date: | May 23
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
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