HSBC NZ launches three-year domestic deal

Tuesday, 20 November 2018

On 20 November, HSBC New Zealand (HSBC NZ) (AA-/Aa3) launched a minimum NZ$100 million (US$68.4 million) three-year domestic floating-rate note (FRN) transaction, led by BNZ, HSBC and Westpac Banking Corporation New Zealand Branch. Initial price guidance is 77-80 basis points over three-month bank bills and pricing is expected on or before 21 November.

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KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.

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