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
|
© 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.