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Published on 8/17/2009 in the Prospect News Investment Grade Daily.

New Issue: HSBC Finance sells $90.85 million senior notes in two tranches

By Andrea Heisinger

New York, Aug. 17 - HSBC Finance Corp. priced $90.846 million senior unsecured notes (A3/A) in two tranches Monday, according to a 424B3 filing with the Securities and Exchange Commission.

The sale consisted of an $81.048 million tranche of 4.5% three-year notes and a $9.798 million tranche of 4.75% five-year notes.

Both tranches are non-callable.

Joint lead managers and agents were Bank of America Merrill Lynch, HSBC Securities and Incapital LLC.

Agents were Charles Schwab & Co., Inc., Citigroup Global Markets Inc., Edward D. Jones & Co., LP, Fidelity Capital Markets Services, a division of National Financial Services, LLC, Morgan Stanley & Co. Inc., RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities.

The U.S. branch of the London-based financial services company is based in Mettawa, Ill.

Issuer:HSBC Finance Corp.
Issue:Senior unsecured notes
Total amount:$90.846 million
Joint lead managers:Bank of America Merrill Lynch, HSBC Securities, Incapital LLC
Agents:Charles Schwab & Co., Inc., Citigroup Global Markets Inc., Edward D. Jones & Co., LP, Fidelity Capital Markets Services, a division of National Financial Services, LLC, Morgan Stanley & Co. Inc., RBC Capital Markets, UBS Investment Bank, Wells Fargo Securities
Trade date:Aug. 17
Settlement date:Aug. 20
Ratings:Moody's: A3
Standard & Poor's: A
Three-year notes
Amount:$81.048 million
Maturity:Aug. 15, 2012
Coupon:4.5%
Call:Non-callable
Five-year notes
Amount:$9.798 million
Maturity:Aug. 15, 2014
Coupon:4.75%
Call:Non-callable

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