HSBC Prices A$1.4 Billion in 6-Year and 11-Year Notes After A$4.4 Billion Orders

2 articles · Updated · The Economic Times · May 20

HSBC sold A$1.4 billion of notes across three tranches: A$550 million of six-year non-call five floating-rate notes, A$450 million of six-year non-call five fixed-to-floating notes, and A$400 million of 11-year non-call 10 fixed-to-floating notes.
A$4.355 billion of combined orders backed the deal before pricing, including A$1.715 billion for the six-year floating tranche, A$1.355 billion for the six-year fixed-to-floating tranche and A$1.285 billion for the 11-year tranche.
The six-year floating-rate notes priced at 125 basis points over three-month BBSW, while the six-year fixed-to-floating notes priced at 125 basis points over semi-quarterly asset swaps and carry a 5.996% coupon.
HSBC said separately it is launching a Sustainability and Transition Credit Facility that will extend credit terms, streamline approvals and tailor financing for eligible companies.
That push comes as HSBC cites rising demand for renewable energy, with global EV sales projected to exceed 26 million in 2026 and data-centre electricity use seen nearly doubling to 945 terawatt hours by 2030.

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