HSBC NZ plans three-year domestic FRN

Tuesday, 20 March 2018

On 20 March, HSBC New Zealand (HSBC NZ) (AA-/Aa3) revealed plans for a new, three-year domestic floating-rate note (FRN) transaction. BNZ, Commonwealth Bank and HSBC have been mandated as lead managers for the deal, which is expected to launch in the coming week.