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LONDON - HSBC Holdings plc (NYSE:HSBC) has successfully issued $1.5 billion in perpetual subordinated contingent convertible securities, as per the terms of an agreement dated February 24, 2025. The securities, bearing an interest rate of 6.950%, were issued today and are expected to be admitted to Euronext (EPA:ENX) Dublin’s Global Exchange Market.
The offering aligns with the Securities Terms Agreement previously established between HSBC and the underwriters. These securities, with ISIN US404280EV79, are callable during any optional redemption period. HSBC has filed the necessary documents with the Securities and Exchange Commission (SEC), and the offering was made through a prospectus supplement and accompanying prospectus available on the SEC’s website.
The sale and distribution of these securities are subject to legal restrictions in certain jurisdictions, and HSBC has advised potential investors to be aware of and observe any applicable local regulations. Specifically, the securities are not intended for retail investors in either the European Economic Area (EEA) or the United Kingdom (TADAWUL:4280), in compliance with the UK Financial Conduct Authority’s Conduct of Business Sourcebook (COBS) and the PRIIPs Regulation.
HSBC, a leading global banking and financial services organization, operates from 58 countries and territories. As of December 31, 2024, the company reported assets of $3.017 trillion. This issuance is part of HSBC’s broader financial strategy and regulatory compliance.
The information in this article is based on a press release statement from HSBC Holdings plc.
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