Fubotv earnings beat by $0.10, revenue topped estimates
LONDON - HSBC UK Bank plc has updated its €25 billion Global Covered Bond Programme, according to a statement released Tuesday. The programme is unconditionally and irrevocably guaranteed as to payments of interest and principal by HSBC UK Covered Bonds LLP.
The Financial Conduct Authority has approved the base prospectus relating to the programme. The document has been submitted to the National Storage Mechanism and will be available for inspection through the FCA’s national storage mechanism portal.
The covered bonds under this programme 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 specific exemptions.
HSBC UK Bank’s covered bond programme allows the bank to issue debt securities that are backed by a pool of assets, providing additional security for bondholders. These instruments typically offer lower funding costs for issuers while providing enhanced security for investors compared to unsecured debt.
The base prospectus contains detailed information about the programme structure, terms of the bonds, and risk factors for potential investors. Access to the full document is available through the bank’s website.
This information is based on a press release statement from HSBC UK Bank plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.