HSBC prices $348.3 million Samurai bond sale, term sheet shows
HONG KONG: HSBC Holdings has priced a 54.3 billion yen ($348.3 million) Samurai bond sale in three parts, according to a term sheet seen by Reuters on Friday. Here are more details: HSBC sold 21.6 billion yen of bonds due in September 2030 with a 2.769% coupon, 25.7 billion yen of notes due in September 2032 paying 3.227% and 7.0 billion yen of bonds due in September 2037 with a 3.879% coupon.…
HSBC Holdings has priced a $348.3 million Samurai bond sale in three tranches, with terms outlined in a term sheet seen by Reuters. The sale includes 21.6 billion yen of bonds maturing in September 2030 with a 2.769% coupon, priced at 75 basis points over yen mid-swap rates. Another 25.7 billion yen of notes due in September 2032, offering a 3.227% coupon, were priced at 95 basis points over swaps.
Finally, 7.0 billion yen of bonds due in September 2037, featuring a 3.879% coupon, were priced at 110 basis points over swaps. The bonds are anticipated to receive ratings of A3 by Moody’s and A- by S&P. HSBC, along with banks Daiwa, Mitsubishi UFJ Morgan Stanley, Mizuho, Nomura, and SMBC Nikko, facilitated the sale.
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