By Andrea Heisinger
Omaha, Sept. 5 - HSBC Holdings plc priced $750 million in 30-year 6.5% global subordinated notes at a spread of Treasuries plus 175 basis points, according to an informed source.
The notes (Aa3/A+) have a price of 99.763 with a yield of 6.518%.
Sole bookrunner was HSBC Securities.
Proceeds will be used to support development and further strengthen the company's capital base.
HSBC is based in London and is one of the largest banking and financial services in the world.
| Issuer: | HSBC Holdings PLC
|
| Issue: | Global subordinated notes
|
| Amount: | $750 million
|
| Maturity: | Sept. 15, 2037
|
| Bookrunner: | HSBC Securities
|
| Coupon: | 6.5%
|
| Price: | 99.763
|
| Yield: | 6.518%
|
| Spread: | Treasuries plus 175 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 5
|
| Settlement date: | Sept. 12
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
© 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.
