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LONDON - HSBC UK Bank plc issued €750 million in regulated covered bonds due May 2030, according to a statement released Wednesday. The bonds represent the Series 2025-1 issuance under the bank’s €25 billion Global Covered Bond Programme.
The covered bonds are unconditionally and irrevocably guaranteed as to payments of interest and principal by HSBC UK Covered Bonds LLP, the statement said.
Final terms for the bonds were dated June 9, 2025, and have been filed with the Financial Conduct Authority. A copy of these terms has also been submitted to the National Storage Mechanism.
The bonds have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States or to U.S. persons, except under certain exemptions.
This issuance is part of HSBC UK Bank’s existing covered bond programme, which allows the bank to issue debt securities backed by a pool of assets that provide security to bondholders.
The information is based on a press release statement from HSBC UK Bank plc.
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