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CREDIT SUPPLY: HSBC Two-Tranche Final Spreads Show 5bp NIC, Books >EUR6.8bn.

CREDIT SUPPLY

HSBC (HSBC: A3/A-/A+) final spreads are MS+115bp (our FV MS+110bp) and MS+145bp (our FV MS+135bp), so 5bp NIC on each tranche.  Books are above EUR3.3bn (on 6NC5) and above EUR3.5bn on the longer tenor. Books were >EUR4bn.

  • “FINAL SPREAD: HSBC EUR Benchmark Debt Offering in 2 Parts” - BBG
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HSBC (HSBC: A3/A-/A+) final spreads are MS+115bp (our FV MS+110bp) and MS+145bp (our FV MS+135bp), so 5bp NIC on each tranche.  Books are above EUR3.3bn (on 6NC5) and above EUR3.5bn on the longer tenor. Books were >EUR4bn.

  • “FINAL SPREAD: HSBC EUR Benchmark Debt Offering in 2 Parts” - BBG