HSBC Institution Trust released a letter announcing partial interest payments to Minibond Series 9 and 10 investors. This payment will be passed on to noteholders from the coupon payments of the underlying securities of Minibond 9 and 10, which are corporate bonds issued by Wachovia Corporation.
Minibond Series 9 noteholders will receive an amount based on an interest rate of 3.6383917% p.a. This works out to be $90.91(3 months period) for every $10,000 invested.
Minibond Series 10 noteholders will receive an amount based on an interest rate of 3.3234799% p.a. This works out to be $83.09 for every $10,000 invested.