By Carol Chan 
 

HONG KONG--Swedish lender Svenska Handelsbanken (SHB-B.SK) is seeking to sell three-year offshore yuan bonds at an indicative yield of 3.00% to 3.25%, a source familiar with the situation said Tuesday.

The company had earlier issued an initial indicative yield of around 3.5% for the offshore yuan bonds, also known as dim sum bonds. Svenska Handelsbanken is seeking to raise CNY400 million ($64.26 million) through the bond offering, the source said.

HSBC Holdings PLC is the sole bookrunner on the deal. The issuer is rated Aa3 by Moody's Investor Services Inc., AA- by Standard & Poor's Corp., and AA- by Fitch Ratings.

Write to Carol Chan at carol.chan@dowjones.com