HSBC Bank (AA/Aa2/AA) launched the second Kangaroo deal in two days on March 4, announcing that it will follow the lead of JPMorgan Chase (JPMorgan) (A+/Aa3/AA-) by selling a “benchmark size” five-year transaction, with pricing expected the day after launch. Price guidance on the transaction is 125 basis points over swap – marginally tighter than the target level on the JPMorgan trade.
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Last Updated on Friday, 05 March 2010 15:06 |
