HSBC Said to Lower Price Guidance for 60 Billion Yen Samurais

HSBC Holdings Plc’s banking unit lowered its price guidance for a 60 billion yen ($649 million) sale of samurai bonds, its first issue of the securities, according to a banker involved in the transaction.

London-based HSBC Bank Plc will price 30 billion yen in five-year, fixed-rate bonds to yield between 0.6 percentage point and 0.68 percentage point more than the yen swap rate, said the banker, who declined to be identified as he’s not authorized to discuss the matter. The lender told investors last week it may pay as much as 0.7 percentage point.