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LONDON - HSBC Holdings plc announced Monday it plans to issue euro-denominated fixed rate notes due December 1, 2033, with a call option after seven years. The benchmark-sized offering will be subject to a stabilization period expected to run from November 24 to December 30, 2025.
According to a pre-stabilization notice, HSBC Bank plc will serve as the stabilization coordinator alongside several joint stabilization managers including ABN AMRO, BBVA, Danske Bank, RBC Capital Markets, SEB, and UniCredit.
The stabilization managers may over-allot securities up to 5% of the aggregate nominal amount or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail. However, the notice emphasized there is no assurance that any stabilization action will be taken, and any such action may be discontinued at any time.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the United States without registration or an exemption. The offering is directed at qualified investors in European Economic Area Member States and to persons outside the United Kingdom or those within the UK who have professional investment experience or are high net worth individuals.
Pricing details for the fixed rate notes have not yet been determined, according to the press release statement.
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