| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 750.000 | - | - | - | - | - | - | Fixed | Tsy | 7.875% a | 7.50% a | 305.9 | 7.25% | - | 100.00000 |
Tranche Comments
P NC 5.5: Book size: 7000; Redemption: 2028-07-18; Registration: Reg S Only; Comments: USD750m perp NC5.5 AT1 sukuk RegS. NR. GloCo/struct HSBC(B&D)/StCh. JB/JLM ADIB/Citi/ENBD/1ADB/JPM. IPTs 7.875% area for 750m WNG, guidance 7.5% area, set 7.25%. Final books 7bn+ ex JLM. No hedges. Interp 5.5yr+305.9 (reset margin) (using (T 4 06/30/28 at 99-00¼/ 4.223% and T 3 ¾ 06/30/30 at 97-27¼/ 4.108% - interp 4.191% yld). FTT 8am Weds. LEI: 254900DBMFZCZH3KL232. Reset Date: 2029-01-18. Tax Call: Yes. Regulatory Call: Yes, Capital Event. Distribution: MENA 83%, Eur/UK 13%, Asia 4%. PB 70%, FM 16%, Bks 10%, SSA/SWF/Ins 3%, Other 1%.;
Deal Comments
Tier 1 Sukuk Bond
Use of Proceeds
General Corporate Purposes