HSBC bond issue exceeded by €38m

Pre-placement for a new HSBC bond carrying a coupon on 5.9 per cent was over-subscribed by 2.54 times yesterday, the bank said. Total demand exceeded €38 million compared to a maximum allotment of €15 million. The €25 million bond issue subject to an...

Pre-placement for a new HSBC bond carrying a coupon on 5.9 per cent was over-subscribed by 2.54 times yesterday, the bank said.

Total demand exceeded €38 million compared to a maximum allotment of €15 million.

The €25 million bond issue subject to an over-allotment option of up to a further €5 million was announced on Monday.

The balance of €15 million will be available to the public on Wednesday.

Applications by the public can be made for a minimum of €2,500 (nominal) and in multiples of €100 thereafter.

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