HSBC Sells Biggest Non-Guaranteed Samurai Debt Since Lehman

HSBC Holdings Plc raised 143.4 billion yen ($1.8 billion) from the biggest sale of Samurai bonds without a government guarantee since Lehman Brothers Holdings Inc. collapsed and the first since the earthquake.

HSBC’s unit HSBC Bank Plc sold 108.2 billion yen of five-year, 0.91 percent bonds priced to yield 31 basis points more than the yen swap rate, and 35.2 billion yen of floating-rate notes that pay 46 basis points over the three-month London interbank offered rate, according to data compiled by Bloomberg. The bank had planned to sell at least 50 billion yen of notes, according to a person familiar with the matter, who asked not to be identified because the information is private.