Published on 4/21/2008 in the Prospect News Investment Grade Daily.
New Issue: HSBC prices $44.49 million of 5.6% notes
By Laura Lutz
Des Moines, April 21 - HSBC Finance Corp. plans to sell $44.49 million of 5.6% senior unsecured notes due April 15, 2014, according to a 424B3 filing with the Securities and Exchange Commission.
Banc of America Securities LLC, HSBC Securities (USA) Inc. and Incapital, LLC are the joint lead managers and lead agents.
Charles Schwab & Co., Inc.; Citigroup; Edward D. Jones & Co., LP; Fidelity Capital Markets Services, a division of National Financial Services, LLC; Merrill Lynch & Co.; Morgan Stanley; RBC Dain Rauscher Inc.; UBS Investment Bank; and Wachovia Securities also are agents.
Interest will be payable semi-annually.
The notes are non-callable.
Issuer: | HSBC Finance Corp.
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Issue: | Senior unsecured notes
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Amount: | $44,488,000
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Maturity: | April 15, 2014
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Coupon: | 5.6%, payable semi-annually
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Price: | Par
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Yield: | 5.6%
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Call: | Non-callable
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Pricing date: | April 21
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Agents: | Banc of America Securities LLC (lead); HSBC Securities (USA) Inc. (lead); Incapital, LLC (lead); Charles Schwab & Co., Inc.; Citigroup; Edward D. Jones & Co., LP; Fidelity Capital Markets Services, a division of National Financial Services, LLC; Merrill Lynch & Co.; Morgan Stanley; RBC Dain Rauscher Inc.; UBS Investment Bank; Wachovia Securities
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Ratings: | Moody's: Aa3
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| S&P: AA-
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