HSBC Holdings Announces $1 Billion Tender Offer for Perpetual Subordinated Contingent Convertible Securities
HSBC Holdings plc has announced a tender offer to repurchase up to $1,000,000,000 in aggregate principal amount of its outstanding 6.000% Perpetual Subordinated Contingent Convertible Securities. The company intends to use this move as a proactive measure to manage its Tier 1 capital base. The offer provides a purchase price of 100.50% of the principal amount, amounting to $1,005.00 per $1,000.00 of principal tendered. The tender process is scheduled to launch on November 5, 2026, and is expected to expire at 5:00 p.m. New York City time on November 19, 2026. If the offer is successful and all conditions are met, settlement for the purchased securities is anticipated to occur on November 24, 2026. The company maintains the discretion to increase or decrease the maximum tender amount following the pricing of new securities.
Tickers: $HSBC
Topics: capital management contingent convertible securities debt repurchase tender offer
Read the full article at PR Newswire
Part of the story HSBC Increases Maximum Tender Amount for $3 Billion Perpetual Subordinated Contingent Convertible Securities (2 articles)