The Hongkong and Shanghai Banking Corporation Limited, via its New Zealand Branch, has announced the issue of up to $200,000,000 floating rate notes.  These are direct, unsecured, unsubordinated obligations of the Issuer and hold an "AA" rating with Standard and Poors.
The maturity date is 23 May 2016 with the issue margin being 1.25% above the 3 month BKBM. This is a wholesale issue with a minimum holding of $500,000 and $100,000 increments thereafter.