HSBC debuts SGD bond market with bumper S$1 billon perpetual deal

HSBC Holdings is making a debut in the local bond market with a bumper S$1 billion perpetual issue.

At S$1 billion, it is the largest SGD bond transaction from a corporate or financial institution since 2012.

Demand was hot with order books peaked at above S$7 billion.

The strong demand led to final pricing at 4.7 per cent from initial price guidance of around 5 per cent.