HALISTER: HSBC Issuing $3b in 6% Perpetual Contingent Convertibles

HSBC Issuing $3b in 6% Perpetual Contingent Convertibles

(Bloomberg) -- HSBC Holdings to issue $3b in 6% perpetual subordinated contingent convertible securities.
  • Callable May 22, 2027 and every five years thereafter (ISIN US404280BL25)
  • Securities expected to be admitted to official list and to trading on global exchange market of Irish Stock Exchange within 30 days of issue date
  • Denominations of securities will be $200,000 and integral multiples of $1,000 in excess thereof
  • HSBC Securities acting as sole structuring adviser and book running manager, together with 17 other placing agents
  • Statement
To contact the reporter on this story: William Canny in London at wcanny3@bloomberg.net To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net Gaurav Panchal

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
HSBA LN (HSBC Holdings PLC)

Topics
BFW Equity Capital Mkts Asia
BFW Equity Capital Mkts Europe

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