SYDNEY -(Dow Jones)- HSBC Finance Corp. Thursday launched its inaugural minimum A$600 million 5-year fixed- and floating-rate issue via lead managers HSBC Bank Australia and National Australia Bank.

The issue will include a minimum A$200 million fixed-rate tranche being marketed at 28 basis points over the 5-year swap rate, while the floating-rate tranche is being marketed at 28 basis points over three-month swap.

Pricing is expected by Friday, with settlement on Sept. 22.

HSBC Finance Corp. is rated Aa3 by Moody’s Investors Service and AA- by Standard & Poor’s and Fitch Ratings.

Co-managers are ABN AMRO Bank and Deutsche Bank.

-By Linda McSweeny; Dow Jones Newswires; 612-8235-2958; linda.mcsweeny@ dowjones.com