HSBC launches Australian dollar bond deal, attracts over $1.5 billion in orders (updated)

HSBC Holdings

19/05/2026 01:06

Updates with pricing, final deal size and latest order book figures throughout

By Yantoultra Ngui

SINGAPORE, May 19 (Reuters) - HSBC Holdings HSBA.L has raised A$1.4 billion ($1 billion) from a three-part Australian dollar bond sale on Tuesday after investors placed more than A$4.35 billion in orders, according to latest term sheet and note reviewed by Reuters.

HSBC priced A$550 million of six-year non-call five floating-rate notes, A$450 million of six-year non-call five fixed-to-floating-rate notes and A$400 million of 11-year non-call 10 fixed-to-floating-rate notes, according to a latest sheet

Orders topped A$1.715 billion for the six-year floating-rate notes, A$1.355 billion for the six-year fixed-to-floating-rate notes and A$1.285 billion for the 11-year fixed-to floating-rate notes, according to note before the pricing

The six-year floating-rate notes priced at 125 basis points over the three-month bank bill swap rate or BBSW. The six-year fixed-to-floating-rate notes priced at 125 basis points over semi-quarterly asset swaps and carry a 5.996% coupon

The 11-year fixed-to-floating-rate notes priced at 162 basis points over semi-quarterly asset swaps and carry a 6.597% coupon

HSBC plans to use the proceeds for general corporate purposes

The notes are expected to be rated A3 by Moody's, A- by S&P and A+ by Fitch

ANZ ANZ.AX, CBA CBA.AX, HSBC 0005.HK, Mizuho 8411.T, NAB NAB.AX and Westpac WBC.AX are joint lead managers.

HSBC did not comment in response to an email seeking comment

($1 = 1.3943 Australian dollars)

 (Reporting by Yantoultra Ngui; Editing by Jacqueline Wong, Jamie Freed and Louise Heavens)

 ((Yantoultra.Ngui@thomsonreuters.com;))