The National University of Singapore raised $250 million selling five-year notes in its debut bond sale, according to an e-mailed statement from HSBC Holdings Plc today.

The 3.2% securities were priced to yield about 70 basis points more than the benchmark swap rate, according to the statement. HSBC managed the sale of notes, which were issued under the university’s $1-billion multicurrency medium-term note program set up in October, 2005.

Moody’s Investors Services is expected to grade the new debt at Aaa, its highest investment-grade rating, the statement said. A basis point is 0.01 percentage point.