HSBC will sell 60 billion yen Samurai bonds next month

image The documents filed with Japanese financial authorities showed on Monday that HSBC Bank Plc plans to sell a total 60 billion yen in five-year Samurai bonds next month, its first-ever Samurai issuance. Samurai bonds are yen debt issued in Japan by non-Japanese entities.

The bonds are expected to come in two tranches, fixed-rate and floating-rate. The lead managers are HSBC Securities (Japan), Mitsubishi UFJ Securities and Mizuho Securities.

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