By Andrea Heisinger
New York, June 21 - HSBC Bank plc sold $2 billion of 3.5% five-year senior notes on Monday to yield Treasuries plus 150 basis points, a source away from the deal said.
The notes (Aa2/AA/AA) priced at 99.918 to yield 3.518%. They are non-callable and were sold under Rule 144A.
HSBC Securities was the bookrunner.
The financial services company is based in London.
| Issuer: | HSBC Bank plc
|
| Issue: | Senior notes
|
| Amount: | $2 billion
|
| Maturity: | June 28, 2015
|
| Bookrunner: | HSBC Securities
|
| Coupon: | 3.5%
|
| Price: | 99.918
|
| Yield: | 3.518%
|
| Spread: | Treasuries plus 150 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A
|
| Trade date: | June 21
|
| Settlement date: | June 28
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
