By Andrea Heisinger
New York, Dec. 9 - HSBC Finance Corp. reopened an issue of 6.676% senior subordinated notes due Jan. 15, 2021 to add $1 billion, according to an 8-K filing with the Securities and Exchange Commission on Thursday.
The notes (Baa1/BBB+/) have a spread of Treasuries plus 380 basis points.
Total issuance includes the original issue of more than $1.9 billion that settled on Dec. 3.
The financing arm of HSBC is based in London.
| Issuer: | HSBC Finance Corp.
|
| Issue: | Senior subordinated notes
|
| Amount: | $1 billion reopening
|
| Maturity: | Jan. 15, 2021
|
| Coupon: | 6.676%
|
| Spread: | Treasuries plus 380 bps
|
| Trade date: | Dec. 8
|
| Settlement date: | Dec. 13
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
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