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LONDON - HSBC Holdings plc (NYSE:HSBC) announced Wednesday it will redeem $3.25 billion in senior unsecured notes on September 12, 2025, according to a notice of redemption issued by the banking giant.
The redemption includes $2.5 billion in 4.292% Fixed Rate/Floating Rate Senior Unsecured Notes and $750 million in Floating Rate Senior Unsecured Notes, both due in 2026.
The bank will redeem the securities at a price of $1,000 per $1,000 principal amount. Holders of the Fixed/Floating Rate Notes as of August 28, 2025, will receive accrued but unpaid interest from March 12, 2025, to the redemption date. Similarly, holders of the Floating Rate Notes will receive interest accrued from June 12, 2025.
HSBC stated that interest on the securities will cease to accrue on and after the redemption date. Securities should be surrendered at the registered office of HSBC Bank USA in New York.
The notes were originally issued under an indenture dated August 26, 2009, as supplemented by a ninth supplemental indenture dated September 12, 2018.
HSBC Holdings (LON:HSBA), headquartered in London, serves customers from offices in 57 countries and territories. The bank reported assets of $3.21 trillion as of June 30, 2025.
The redemption announcement was made through a regulatory filing with the London Stock Exchange (LON:LSEG).
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