HSBC will sell 60 billion yen Samurai bonds next month

Written on 30 Aug, 2009 at 12:50 in Banking | viewed times | View Comments |  Print |

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.