Published on 3/10/2008 in the Prospect News Investment Grade Daily.
New Issue: HSBC Finance prices $92.926 million 5% four-year senior notes
By Andrea Heisinger
Omaha, March 10 - HSBC Finance Corp. priced $92.926 million 5% four-year senior unsecured notes Monday, according to a 424B3 filing with the Securities and Exchange Commission.
The notes (Aa3/AA-) are non-callable.
Bookrunners were Banc of America Securities LLC, HSBC Securities (USA) Inc. and InCapital, LLC.
Co-managers were A.G. Edwards & Sons Inc., Charles Schwab & Co., Inc., Citigroup Global Markets Inc., Edward D. Jones & Co., LP, Fidelity Capital Markets Services, Merrill Lynch, Pierce, Fenner & Smith Inc., Morgan Stanley & Co. Inc., RBC Dain Rauscher Inc., UBS Investment Bank and Wachovia Capital Securities LLC.
The financing arm of HSBC is based in Prospect Heights, Ill.
Issuer: | HSBC Finance Corp.
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Issue: | Senior unsecured notes
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Amount: | $92.926 million
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Maturity: | March 15, 2012
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Bookrunners: | Banc of America Securities LLC, HSBC Securities (USA) Inc., InCapital, LLC
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Co-managers: | A.G. Edwards & Sons Inc., Charles Schwab & Co., Inc., Citigroup Global Markets Inc., Edward D. Jones & Co., LP, Fidelity Capital Markets Services, Merrill Lynch, Pierce, Fenner & Smith Inc., Morgan Stanley & Co. Inc., RBC Dain Rauscher Inc., UBS Investment Bank and Wachovia Capital Securities LLC
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Coupon: | 5%
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Call: | Non-callable
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Trade date: | March 10
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Settlement date: | March 13
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Ratings: | Moody's: Aa3
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| Standard & Poor's: AA-
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