InvestorsHub Logo
Followers 437
Posts 45331
Boards Moderated 4
Alias Born 05/11/2008

Re: None

Tuesday, 09/15/2009 8:36:22 AM

Tuesday, September 15, 2009 8:36:22 AM

Post# of 46
HSBC Increases Samurai Bond Sale Twice in Four Days

By Yusuke Miyazawa

Sept. 15 (Bloomberg) -- HSBC Holdings Plc’s banking unit increased the amount of its first Samurai bond sale to 119.4 billion yen ($1.3 billion) today, after almost doubling its initial plan on Sept. 11.

HSBC Bank Plc plans to sell 89.8 billion yen in five-year, fixed-rate bonds, and 29.6 billion yen of similar maturity floating- rate notes, according to a filing with Japan’s finance ministry. The total amount of bonds on offer was increased by 2.4 billion yen.

The increase came four days after the London-based lender raised its sale to 117 billion yen from the original plan of 60 billion yen, following HSBC’s meetings with potential investors in Tokyo on Sept. 8 and 9.

HSBC plans to sell its Samurai bonds on Sept. 17, the filing said. Samurai bonds are yen-denominated bonds sold by foreign entities in Japan.

To contact the reporter on this story: Yusuke Miyazawa in Tokyo at ymiyazawa3@bloomberg.net

Last Updated: September 14, 2009 22:28 EDT

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent HSBC News