HSBC Bank Canada completes $175 million offering

Date Closed: 4/19/2005

Value: $175 million

On April 19, 2005, HSBC Bank Canada completed a public offering of 7 million preferred shares series C for gross proceeds of $175 million. The class 1 preferred shares series C were priced at $25 to yield 5.10 per cent.

HSBC Bank Canada was represented internally by Scott Bartos and Annelle Wilkins, and by its external counsel BLG, with a team from Vancouver that included Bill Sirett, Jason Brooks and Eric Doherty (securities), Bruce Sinclair (tax), and Debra Sing, Q.C., and Ambrose Sung (banking regulation/corporate).