Tranche Comments
12 yr: Book size: 1400; Registration: 144A/Reg S; Comments: USD750m 12yr RegS/144A. With 30yr, exp ~1bn. Baa3/BBB-. GC HSBC(B&D), JBs ABC/Citi/ENBD/Mashreq/StCh. IPTs 3.875% area, guidance 3.625%/3.75%, launch 750m @ 3.625%, combined bks >2.7bn ex-JLM (skew to 12y), T+215.5 vs 1.125% 2/31 @ 96-25+. Priced Weds. Distribution: Eur 42%, Amers 30%, ME 21%, Asia 7%. FM 75%, Bks/PB 13%, Ins/PF 10%, Other 2%;
30 yr: Registration: 144A/Reg S; Comments: USD500m 30yr RegS/144A. With 12yr, exp ~1bn. Baa3/BBB-. GC HSBC(B&D), JBs ABC/Citi/ENBD/Mashreq/StCh. IPTs 4.875%/5%, guidance 4.75%/4.875%, launch 500m @ 4.75%, combined bks >2.7bn ex-JLM (skew to 12y), T+249.8 vs 1.625% 11/50 @ 86-15. Priced Weds. Distribution: Eur 58%, Amers 25%, ME 10%, Asia 7%. FM 72%, Bks/PB 16%, Ins/PF 8%, Other 4%;