7 yr: Book size: 1000; Registration: Reg S Only; Comments: EUR300m no grow 7yr snr unsec RegS. A-. HSBC/SG. IPTs MS+60/65, set MS+45 on bks ~1bn ahead of close. +92.1bp vs. DBR 0 02/25 at 101.55 (0.268%), +76.0bs vs. FRTR 0 05/25 at 100.49 (0.429%). Par Call: 3m. MWC: OAT+15bp;