Multinational team advises in US$150-million HSBC commercial paper programme

Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h), together with Simpson Thacher & Bartlett and White & Case LLP, have acted in the establishment of a LC-backed US commercial paper programme worth US$150 million for HSBC. The participants in the transaction were HSBC Bank USA, as issuer, Chase Manhattan Bank, as administrative agent, and JP Morgan Securities Inc together with HSBC Securities (USA) Inc, as arrangers.