HSBC Raises $1.25B In Bond Sale

HSBC has raised $1.25 billion through a sale of covered bonds in the U.S.

HSBC has raised $1.25 billion through a sale of covered bonds in the U.S., The Wall Street Journal reports. The notes have been issued at a yield of 0.58% point over mid-swaps.

The bonds were backed by U.K. residential mortgages. The bank intends to use the proceeds from the issue to create more loans. BNP Paribas, RBS and Société Générale managed the transaction.

Click here for the story from The Wall Street Journal.