Published: Sep 24, 2014
Source: Emirates 24|7

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HSBC Middle East raises $400m through bond

Bank expects rating equivalent to its parent’s AA- from Fitch

HSBC Bank Middle East raised $400 million in a five-year bond issue late on Tuesday at a spread of 85 basis points over mid-swaps, a document from the bank said.

The lender had said earlier on Tuesday it was set to raise a minimum of $300 million from the bond sale at the tighter end of its initial guidance of between 85 bps and 90 bps over the benchmark- By Reuters. Read more>>>

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