HSBC launches 10NC5 tier-two Kangaroo bond
- Wednesday, 05 March 2025
Disclosure type: launch
Issuer name: HSBC Holdings
Issuer rating: A-/A3/A+
Expected issue rating: BBB/Baa1
Announcement date: 5 March 2025
Expected pricing date: ND
Lead managers: ANZ, Commonwealth Bank of Australia, HSBC, Mizuho, National Australia Bank, Westpac Institutional Bank
Transaction type: tier-two subordinated Kangaroo bond
Currency: AUD
Indicative volume: benchmark
Tenor: 10-year non-call five-year
Expected maturity date: 11 March 2035
Coupon type: fixed-to-FRN and/or FRN
Price guidance: 205bp/swap
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