HSBC Holdings (00005.HK) intends to issue perpetual subordinated contingent convertible securities.

NightAirdropper · 2026-03-19T02:58:18+00:00

HSBC Holdings plans to issue perpetual subordinated contingent convertible securities totaling $2.5 billion in 2026, including two types of securities with coupons of 6.750% and 7.000%, expected to be officially listed and traded on the Irish Stock Exchange.

NightAirdropper

2026-03-19 02:58:18

Abstract generation in progress

Gelonghui March 18 — HSBC Holdings (00005.HK) announced that it plans to issue $1.25 billion worth of perpetual subordinated or convertible securities with a 6.750% coupon on March 24, 2026 (“Issue Date”). These securities can be redeemed at any time during the 2031 redemption period (ISIN US404280FH76) (“2031 Securities”) and $1.25 billion worth of perpetual subordinated or convertible securities with a 7.000% coupon, redeemable at any time during the 2036 redemption period (ISIN US404280FJ33) (“2036 Securities,” collectively referred to as the “Relevant Securities”). The Relevant Securities are expected to be listed and traded on the Global Exchange Market of the Irish Stock Exchange operated in the name of Euronext Dublin within 30 days after the Issue Date. The face value of the securities is $200,000, with any excess amount calculated in multiples of $1,000.

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