Published on 3/31/2008 in the Prospect News Investment Grade Daily.
New Issue: HSBC Finance prices $333.75 million of notes in two tranches
By Andrea Heisinger
Omaha, March 31 - HSBC Finance Corp. priced $333.75 million senior unsecured notes (Aa3/AA-) in two tranches Monday, according to a 424B3 Securities and Exchange Commission filing.
The company priced $166.318 million 5.5% three-year notes and $167.432 million 6% five-year notes.
They are non-callable.
Joint lead managers and lead agents were Banc of America Securities LLC, HSBC Securities Inc. and Incapital, LLC.
Co-agents were Charles Schwab & Co., Inc., Citigroup Global Markets Inc., Edward D. Jones & Co., L.P., Fidelity Capital Markets Services, a division of National Financial Services, LLC, 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 the banking and financial services company is based in London.
| Issuer: | HSBC Finance Corp.
|
| Issue: | Senior unsecured notes
|
| Amount: | $333.75 million
|
| Agents: | Banc of America Securities LLC, HSBC Securities Inc. and INCAPITAL, LLC
|
| Co-agents: | Charles Schwab & Co., Inc., Citigroup Global Markets Inc., Edward D. Jones & Co., L.P., Fidelity Capital Markets Services, a division of National Financial Services, LLC, Merrill Lynch, Pierce, Fenner & Smith Inc., Morgan Stanley & Co. Inc., RBC Dain Rauscher Inc., UBS Investment Bank and Wachovia Capital Securities, LLC
|
| Trade date: | March 31
|
| Settlement date: | April 3
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
|
|
| Three-year tranche
|
| Amount: | $166.318 million
|
| Maturity: | April 15, 2011
|
| Coupon: | 5.5%, payable quarterly
|
| Call: | Non-callable
|
|
|
| Five-year tranche
|
| Amount: | $167.432 million
|
| Maturity: | April 15, 2013
|
| Coupon: | 6%, payable semi-annually
|
| Call: | Non-callable
|
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