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HSBC to repurchase £10m of CMBS bonds

An HSBC securitised bond repurchase tender closed on Friday with £10m worth of bondholders taking up the option to sell back their positions at a 16% discount to par.
By James Wallace
December 5, 2011 | 8:29 P.M.

HSBC, which is loan servicer, offered cascading discounts for £115.5m of the outstanding bonds, all except the £3m most junior notes in the pool, in its 2006-issued synthetic NEMUS securitisation discounts ranged from 4% to 35%.

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