By Andrea Heisinger
Omaha, June 11 - HSBC Bank USA, NA priced $700 million 7% bank notes due Jan. 15, 2039 on Wednesday to yield Treasuries plus 240 basis points, market sources said.
The non-callable notes (Aa3/AA-/AA-) priced at 98.797 to yield 7.096%.
HSBC Securities Inc. was the bookrunner.
The subsidiary of financial services company HSBC Group is based in London.
| Issuer: | HSBC Bank USA, NA
|
| Issue: | Bank notes
|
| Amount: | $700 million
|
| Maturity: | Jan. 15, 2039
|
| Bookrunner: | HSBC Securities Inc.
|
| Coupon: | 7%
|
| Price: | 98.797
|
| Yield: | 7.096%
|
| Spread: | Treasuries plus 240 bps
|
| Call: | Non-callable
|
| Trade date: | June 11
|
| Settlement date: | June 18
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
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