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HSBC Announces Tender Offer For Up To $1 Billion Principal Amount

By Reuters News

Nov 5 (Reuters) - HSBC 0005.HK:

  • ANNOUNCES TENDER OFFER FOR UP TO $1 BILLION PRINCIPAL AMOUNT

  • OFFER TARGETS $3 BILLION 6.000% PERPETUAL SUBORDINATED CONTINGENT CONVERTIBLE SECURITIES

  • OFFER LAUNCH EXPECTED NOVEMBER 5, 2026 AT 10:00 A.M. NEW YORK CITY TIME

  • EXPECTS TO LAUNCH NEW ISSUANCE OF PERPETUAL SUBORDINATED CONTINGENT CONVERTIBLE SECURITIES

  • EXPECTED OFFER WILL BE FINANCED WITH CASH ON HAND

Further company coverage: 0005.HK

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