LONDON – HSBC Bank Plc has fully executed an early repurchase of securities, as indicated by a recent company announcement. The repurchase has effectively reduced the outstanding balance of the securities to zero. This move by the financial institution took place with HSBC Bank Plc acting as the paying agent for the transaction.
The securities involved in the repurchase carried the International Securities Identification Number (ISIN) GB00BS3KLM11. Prior to the repurchase, the outstanding balance of these securities stood at $17,964,071.00. Following the execution of the repurchase, the new balance was reported to be $0.00, indicating that all the outstanding securities have been bought back by the issuer.
The value date for this transaction, which marks the date when the repurchase becomes effective, was set for November 12, 2024. The repurchase was completed using the United States Dollar (USD) as the currency for the transaction.
HSBC Bank Plc, a major global banking and financial services organization, has not provided additional details regarding the reasons or the implications of the early repurchase. The completion of this financial maneuver was disclosed through an official source version available on Business Wire, a Berkshire Hathaway (NYSE:BRKa) company that distributes corporate press releases.
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